Thread 🧵on Six tenets of #DowTheory of #TechnicalAnalysis
(Must read for #TA learners)
🙏Like & RT to spread learning with all 🙏
@rohanshah619 @Mitesh_Engr @PAlearner @Puretechnicals9 @caniravkaria @Arpit1223
Views Welcome
#TechnicalAnalysis #StockMarket
This principle explains that any information available in market is already reflected in price of stocks & indices. This includes all data such as earnings announcements by companies, rise (or fall) in inflation or even sentiments of investors.
This theory was the first to propound that the market moves in trends.
The trends are:
✅Primary Trends
✅Secondary Trends
✅Minor Trends
The theory says that there are three phases to each primary trend:
✅accumulation phase
✅public participation phase
✅panic phase
A trend in the market cannot be verified by a single index. All indices should reflect the same opinion.
Trend in market should be supported by trading volumes.
For eg, in upward trend, volume rises with increase in price and falls with decrease in price. And in downward trend, volume increases with fall in price and decreases with price rise.
Theory says that trends exist despite any noise in market. That is, during upward trend, a temporary trend reversal is possible but market continues to move up and trend continues until clear reversal happens.
Even though it is more than a hundred years old, the Dow Theory is still relevant in the current trading market.
Best Book 📗 to learn #DowTheory - The Dow Theory by Robert Rhea
https://t.co/ZMYfUewzov
https://t.co/9p40dRMSm2
More from Techno Funda Investing
You May Also Like
What a weekend celebrating makers looks like.
A thread
👇Read on
Let's start with a crazy view of what @ProductHunt looked like on Sunday
Download image and upload
A top 7 with:
https://t.co/6gBjO6jXtB @Booligoosh
https://t.co/fwfKbQha57 @stephsmithio
https://t.co/LsSRNV9Jrf @anthilemoon
https://t.co/Fts7T8Un5M @J_Tabansi
Spotify Ctrl @shahroozme
https://t.co/37EoJAXEeG @kossnocorp
https://t.co/fMawYGlnro
If you want some top picks, see @deadcoder0904's thread,
We were going to have a go at doing this, but he nailed it.
It also comes with voting links 🖐so go do your
#24hrsstartup was an amazing event
— Akshay Kadam(A2K) \U0001f47b (@deadcoder0904) November 19, 2018
I never went to a hackathon but this just felt like one even though I was just watching \U0001f440
Everyone did great but there were a few startups that I personally loved \U0001f496
Some of my favorites are in the thread below\U0001f447
Over the following days the 24hr startup crew had more than their fair share of launches
Lots of variety: web, bots, extensions and even native apps
eg. @jordibruin with
\U0001f3a8\U0001f3c3\u200d\u2640\ufe0f DrawRun just launched on Product Hunt! Idea to App Store to Product Hunt in 68 hours!\u2070\u2070https://t.co/mxnLZ8FRSu
— Jordi Bruin (@jordibruin) November 20, 2018
Thanks for the motivation @thepatwalls @arminulrich @_feloidea
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Prabhu says i reside in the heart of my bhakt.
— Right Singh (@rightwingchora) December 21, 2020
Guess the event. pic.twitter.com/yFUmbfe5KL
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)
I interviewed 5 billionaires this week
— GREG ISENBERG (@gregisenberg) January 23, 2021
I asked them to share their lessons learned on startups, life and entrepreneurship:
Here's what they told me:
10 competitive advantages that will trump talent (2/10)
To outperform, you need serious competitive advantages.
— Sahil Bloom (@SahilBloom) March 20, 2021
But contrary to what you have been told, most of them don't require talent.
10 competitive advantages that you can start developing today:
Some harsh truths you probably don’t want to hear (3/10)
I\u2019ve gotten a lot of bad advice in my career and I see even more of it here on Twitter.
— Nick Huber (@sweatystartup) January 3, 2021
Time for a stiff drink and some truth you probably dont want to hear.
\U0001f447\U0001f447
10 significant lies you’re told about the world (4/10)
THREAD: 10 significant lies you're told about the world.
— Julian Shapiro (@Julian) January 9, 2021
On startups, writing, and your career: