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S&P 500
7,126.06
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1.20%
)
US TECH 100
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(
1.33%
)
Dow Jones
49,447.43
(
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Brent Oil
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(
-0.89%
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JLS

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JLS

Re: ReturntoSender post# 3512

Saturday, 01/15/2005 11:50:06 PM

Saturday, January 15, 2005 11:50:06 PM

Post# of 8622
Dow Theory isn't limited to requiring double tops and bottoms. More generally, it needs confirmation of a change in trend; otherwise the price/volume action is simply the continuation of the existing trend. The type of confirmation depends on the type of top or bottom that is being formed.
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