Does anyone have a recommendation for a modern explanatory PDF (English or Spanish)? I’m trying to nail down the difference between a "secondary reaction" and a true trend reversal.
The best chapter is on why volume must confirm the trend – it filters out 90% of false breakouts.
Edit: Found one. Here is the link for anyone else who needs it:
I just finished re-reading the original principles of (co-founder of The Wall Street Journal). If you want to understand primary trends, secondary reactions, and why volume confirms price, you need this PDF.
Dow Theory: The 120-Year-Old Framework That Still Beats Modern Indicators 📈
Does anyone have a recommendation for a modern explanatory PDF (English or Spanish)? I’m trying to nail down the difference between a "secondary reaction" and a true trend reversal.
The best chapter is on why volume must confirm the trend – it filters out 90% of false breakouts.
Edit: Found one. Here is the link for anyone else who needs it:
I just finished re-reading the original principles of (co-founder of The Wall Street Journal). If you want to understand primary trends, secondary reactions, and why volume confirms price, you need this PDF.
Dow Theory: The 120-Year-Old Framework That Still Beats Modern Indicators 📈