 | |  | | DOW theory gives three signals for the end of a market. Dow wrote that:
道氏理论给出三种市场翻转的信号,道氏这样写道:
a market moves up with higher highs and higher lows. At some point, it makes a
high but, on the retracement, breaks the trendline. This is signal No. 1.
一个市场运动(可以达)到更高的高点和更低的低点。在某些点,它(价格)达到一个高点
却于回调中击破趋势线,这就是(走势翻转的)第一个标志。
Then, market makes a high at or near the previous high but this high is below the
trendline. This is signal No. 2.
之后,市场达到或接近前一高点的高位但这个高位低于趋势线,这就是(走势翻转的)第二
个标志。
Then, the market makes a new low that takes out the previous, intervening low.
This is signal No. 3.
再之后,市场达到一个低于前面中间低点的新低点,这是(走势翻转的)第三个标志。
The new trend is established ---- and it's down. This gives you three more signals
and a darn good reason to get out!
新的趋势线被建立起来,而它是下降的!这给了你三个信号及一个离场的好理由 |  |  |  |  |
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