被误读的Dow Theory(from SeekingAlpha)

Diffusion

这篇文章把Dow Theory解释的很清楚。值得一读。

While the prevailing opinion is that the Dow Industrials isn't a relevant index reflective of the market as a whole, a distinction should be made between a "lagging" index and a "divergent" index. A lagging index is one which is going in the same direction as the other but is not increasing/decreasing at the same rate. A divergence is when one index goes up while the other index is going down. The chart below shows two failures and one divergence between the Industrials and Transports.

Dow Theory: Not Broken, Just Misunderstood
http://seekingalpha.com/article/ ... -just-misunderstood

NZX

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