倒氏理论（Its theory）.docVIP

倒氏理论（Its theory） Dow theory Dow theory asserts that stocks change in line with market trends to reflect market trends and conditions. There are three trends in stock: major trends, interim trends and short-term trends. Main trends: For a year or more, most of the shares will rise or fall with the market, generally more than 20%. Medium-term trends: In the opposite direction of the basic trend, the duration is over three weeks, a third to two-thirds of the basic trend. Short-term trends: The short term change only reflects the stock price and lasts for no more than six days. The main trend of the bull market is that the main trend consists of three main uplift forces, which are interrupted by two falls, such as the weak period. Throughout the activity cycle, it may be lower than expected, each time lower than the last. Throughout the activity cycle, it is usually made up of the decline and recovery of several medium-term trends. Edit the theory base of this paragraph Dow theory has extremely important three hypotheses, and ordinary people can see the technical analysis of the theory of three assumptions have similar place, however, here, the dow theory is more focused on understanding the meanings of its market. Suppose a: Artificial operation (Manipulation) - index or securities every day, every week can fluctuate by artificial operation, Secondary turn-back movements (Secondary reactions) may also be affected by the limited, such as the adjustment of the common market, but the main trend (Primary trend) was not influenced by artificial operation. Some might say the main trend of the bankers ability to manipulate securities. In the short term, if he does not operate, the inner quality of the suitable securities will also be operated by others; In the long run, the companys fundamental changes have created conditions for operating securities. Generally speaking, the main trend of the company is still not human operation, but the securities exchange different institut