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Dow theory
Theory of market movement developed by Charles Dow that prices move in defined trends of successive higher peaks and higher troughs in an uptrend, and lower peaks and lower troughs in a downtrend. Dow divides trends into primary, secondary and minor. Volume patterns are associated with specific points in a trend. Dow theory is the foundation of most modern technical theory.
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- Part of Speech: noun
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- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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