道氏理论的研读（The Dow Theory Study）.docVIP

道氏理论的研读（The Dow Theory Study） The securities and futures investment of the computer analysis of principle, which made a more detailed description of the Dow Theory, and attached himself to the introduction of the Dow theory. Dow theory is investment theory I pursue, therefore gains, in his basis, combined with our current state, again read. On the market structure, the Dow theory is mainly divided into three levels: primary and secondary reverse forward wave wave, daytime clutter. Related to these contents are: a Dow Theory (artificial manipulation theorem, (four) the Dow Theory of stock price volatility classification theorem), Dow Theory (the main level five forward wave theorem), Dow Theory eight (secondary reverse wave theorem), Dow Theory nine (daytime clutter theorem). In these theorems and the introduction, the first concern is limited: 1, the main level of forward wave length is unknown; The bull market continued much time, what the end is unknown. Accordingly, what time to start is unknown. There is no way to advance can determine the main level of forward wave whether to continue or end. So whether the current can confirm the main level of forward wave is sustainable? I think there is no confirmation method can be 100%. Or that there is no difference between the verification method can 100% of the primary and secondary reverse forward wave wave. Grasp shown here is the main measure of the ability of traders. Then, the second limit. 2, the main level of forward wave and secondary reverse wave are interchangeable, so there is no way to distinguish between the main level of 100% positive wave and secondary reverse wave. There are secondary reverse wave value is cheating. It be the most changeful, there is no fixed pattern, not 100% to distinguish primary and secondary level of forward wave reverse wave, so any trading methods are at risk, any trading methods are extremely important for error detection and correction. In my own business, is on the main level o