In Order to Have Confirmation of a Major Market Trend

question 30

Multiple Choice

In order to have confirmation of a major market trend under the Dow Theory, the:

• A) industrial and utility averages must confirm each other.
• B) transportation and utility averages must confirm each other.
• C) utility average must lead the transportation average.
• D) transportation and industrial average must confirm each other.

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Definitions:

Performance

The act of carrying out or accomplishing an action, task, or function, often measured against known standards of accuracy, completeness, and speed.

Stress Increases

Refer to situations or conditions that elevate levels of psychological or physical tension, often caused by challenges or demands.

Decrease

A reduction in size, amount, extent, or intensity of a particular thing or entity.

Level Off

The point at which something stops increasing or decreasing and remains consistent.