Charles Carlson
Charles Carlson
averages bear below both correction definition fails goes highs lows market says theory
The Dow Theory says when correction lows are established, you want to see a retest of the highs, and if the retest of the highs in both averages fails and the market goes below those intermediate lows, that is under definition of the Dow Theory, a bear market.
crossroads month next resolved theory
The Dow Theory is really in kind of a crossroads here that will probably be resolved in the next month or two.