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Thread: Dow Theory - Lines (Ranging Markets)

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    Default Dow Theory - Lines (Ranging Markets)

    A secondary reaction may take the form of a line which may endure for several weeks where price fluctuates within a narrow range of about five per cent.



    Breakouts from a range can occur in either direction.

    * Advances above the upper limit of the line signal accumulation and higher prices

    * Declines below the lower limit indicate distribution and lower prices

    * Volume is used to confirm price breakouts

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    yes this is why we always need to draw trendlines and trade breakouts of trendlines and make good money!

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