Once again, I hate to have to reiterate the the commonly known "basic tenets" relied on by both TA and the Dow Theory, but to name just a few: (a) THE AVERAGES DISCOUNT EVERYTHING EXCEPT ACTS OF GOD; (b) THE PRICE OF STOCKS SWING IN TRENDS; (c) THE AVERAGES MUST CONFIRM; (d) VOLUME GOES W/ THE TREND; and (e) A TREND SHOULD BE ASSUMED TO CONTINUE IN EFFECT UNTIL SUCH TIME AS ITS REVERSAL HAS BEEN DEFINITELY SIGNALED.
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