Kirkpatrick and Dahlquist CMT Level 1 Summary CH 06

Chapter 6: Dow Theory

(Check back soon for more detailed outline– sign up for email list updates)

• Chapter Objectives
  • A brief history of the development of Dow Theory and the major contributors to this development
  • The theorems of Dow Theory
  • The three types of trends– primary, secondary, and minor– of Dow Theory
  • The concept of confirmation in Dow Theory
  • The role of volume in Dow Theory
  • The criticisms of Dow Theory
• A brief history of the development of Dow Theory and the major contributors to this development
• Dow Theory Theorems
• The three types of trends
  • The Primary Trend
  • The Secondary Trend
  • The Minor Trend
• Concept of Confirmation
  • Importance of Volume
• Criticisms of the Dow Theory
• Conclusion
• Review Questions

Proceed to Chapter 8: Measuring Market Strength (in Kirkpatrick and Dahlquist)

Chapter list for Kirkpatrick and Dahlquist