^&* 3. Dow Theory (LO4, CFA1) Dow theory asserts that three forces are at work in the

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^&* 3. Dow Theory (LO4, CFA1) Dow theory asserts that three forces are at work in the stock market at any time. Which of the following is not one of these Dow theory forces?

a. Daily price fluctuations

b. A secondary reaction or trend

c. A primary direction or trend

d. Reversals or overreactions

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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