He stated that volume should expand in the same direction of the trend.
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If you are a very short term trader, then a moving average of as little as three days may be appropriate.
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The main point I want you to take away from the Dow theory is that there are three types of trends, a primary trend, a secondary trend and minor trends.
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Some market traders are permitted to trade on highly leveraged positions.
We will usually be trading when at least the short term and intermediate term trends are in the same direction.
Makes you think doesn’t it!