Читать книгу The Handbook of Technical Analysis + Test Bank - Lim Mark Andrew - Страница 26

As we have seen, Dow Theory forms the basis for much of technical analysis in the twenty-first century. Although technical analysis has evolved significantly since Dow’s time, many practitioners still regard the basic application of Dow Theory as one of the most reliable approaches in determining and confirming the existence of a trend. The incorporation of the concept of market phases and volume confirmation within Dow Theory has also significantly impacted the way investors and traders participate in the market, more than a century after its introduction.