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Dow Theory was formulated by Charles H.Dow; its main purpose is to forecast the future direction of the overall stock market. The Dow Theory is

Dow Theory was formulated by Charles H.Dow; its main purpose is to forecast the future direction of the overall stock market. The Dow Theory is based on the belief that market movements are similar to movements of the sea. Required Explain the three types movement in the markets and their importance to technical analyst according to Dow Theory

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