Which of the following is not true regarding the Dow Theory?
A) An upward price movement that fails to surpass the last peak reached is referred to as an abortive recovery.
B) Dow Theory is based on three types of movements, primary, secondary and day-to-day.
C) Dow Theory is intended to forecast the end of bull markets.
D) Day-to-day ripples occur often but are of minor importance in the Dow Theory.

Question

Quizplus · Accepted Answer

Dow Theory is not specifically intended to forecast the end of bull markets; rather, it is a method of understanding and analyzing market movements that includes identifying trends and reversals in the market. It does not focus solely on predicting the end of bull markets.

Which of the Following Is Not True Regarding the Dow