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The Dow theory on stock price movement is a form of technical analysis that includes some aspects of sector rotation.The theory was derived from 255 editorials in The Wall Street Journal written by Charles H. Dow (1851–1902), journalist, founder and first editor of The Wall Street Journal and co-founder of Dow Jones and Company.
Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation.
ADX Indicator. The average directional movement index (ADX) was developed in 1978 by J. Welles Wilder as an indicator of trend strength in a series of prices of a financial instrument. [1] ADX has become a widely used indicator for technical analysts, and is provided as a standard in collections of indicators offered by various trading platforms.
It is a leading indicator providing advanced signaling of potentially new market highs or lows within a given time frame. [ 5 ] The support and resistance levels calculated from the pivot point and the previous market width may be used as exit points of trades, but are rarely used as entry signals.
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Coppock designed the indicator (originally called the "Trendex Model" [1]) for the S&P 500 index, and it has been applied to similar stock indexes like the Dow Jones Industrial Average ...
Yahoo Finance’s Jared Blikre breaks down Tuesday’s market action.
Head and Shoulders Top. Head and shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline.
William Peter Hamilton (January 20, 1867 – December 9, 1929), a proponent of Dow Theory, was the fourth editor of the Wall Street Journal, serving in that capacity for more than 20 years (i.e., January 1, 1908 – December 9, 1929).