Sell Signal
The confirmed breakdown below secondary reaction lows signals a primary bear market under Dow Theory. A sell signal occurs when both indexes break below their respective secondary reaction lows on a confirmed basis. After a secondary react…
1 sources - 5 claims
The confirmed breakdown below secondary reaction lows signals a primary bear market under Dow Theory. A sell signal occurs when both indexes break below their respective secondary reaction lows on a confirmed basis. After a secondary reaction and a failed rally, attention shifts to the secondary reaction lows. The failed rally alone does not generate the sell signal. The initial pullback does not generate the sell signal.