tag:blogger.com,1999:blog-6134743053361487135.post877236519358528257..comments2023-06-15T09:28:28.686-04:00Comments on Dow Theory Investment: Dow Theory Update for November 3: Primary bear market signaled for US Stocks on November 3rd, as per Schannep’s Dow TheoryThe Dow Theoristhttp://www.blogger.com/profile/05344444810007324303noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6134743053361487135.post-26190021769420481642016-11-04T11:32:48.411-04:002016-11-04T11:32:48.411-04:00There is no contradiction.
The first sentences co...There is no contradiction.<br /><br />The first sentences concern Schannep’s Dow Theory and the way it works.<br /><br />The sentence you mention with a number “2” refers to the “Rhea/Classical” Dow Theory which differs from Schannep’s Dow Theory (just two indices, different way of appraising secondary reaction). <br /><br />Thus, according to Schanneps’ Dow Theory the primary trend is bearish.<br /><br />However, “depending on the way we determine “ a secondary reaction under the Rhea/Classical Dow Theory the trend is bullish. Thus, the “classical” and “Schannep’s” Dow Theory may occasionally diverge. Therein lies the value of Schannep’s Dow Theory: on the long run, on a historical basis, it has been more accurate than the “Rhea/classical” Dow Theory.<br /><br />More about the trend as per the classical Dow Theory (according to one interpretation), in this very recent post.<br /><br />http://www.dowtheoryinvestment.com/2016/11/dow-theory-update-for-november-4-trend.html<br /><br /><br />Thx for following<br />Regards<br />The Dow Theoristhttps://www.blogger.com/profile/05344444810007324303noreply@blogger.comtag:blogger.com,1999:blog-6134743053361487135.post-91435351432218056802016-11-04T08:27:51.926-04:002016-11-04T08:27:51.926-04:00Thank-you for your updates!
I don't understan...Thank-you for your updates!<br /><br />I don't understand though these 2 phrases in your post look in contrast with one another:<br /><br />1)<br />As per Schannep’s Dow Theory, it just takes two of the three indices (but the SP500 must always be present, as explained here) to signal a primary bull/bear market signal.<br /><br />All in all, the September 9/14/2016 secondary reaction closing lows have been jointly violated by the Industrials and the SP500, and hence, a primary bear market has been signaled.<br /><br />2)<br /><br />Depending on the way we determine secondary reaction we are either in a primary bull market with no sell signal yet (Schannep's interpretation which I make mine),Anonymousnoreply@blogger.com