Dow Theory and Market Phases Quiz

Who introduced the Dow Theory to the world?

• Wall Street Journal

• John Dow

• Charles H. Dow

• William P Hamilton

How many broad market trends are identified in the Dow Theory?

• 3

• 2

• 4

• 1

What is the primary trend in the Dow Theory?

• Short-term trend

• Long-term trend

• Daily fluctuations

• Market noise

What is the secondary trend in the Dow Theory?

• Long-term trend

• Market noise

• Short-term trend

• Daily fluctuations

What are minor trends in the Dow Theory?

• Short-term trend

• Daily fluctuations

• Market noise

• Long-term trend

According to the Dow Theory, what must confirm a trend?

• Volume

• High price

• Low price

• Open price

What is the most important price level according to the Dow Theory?

• Open price

• Close price

• High price

• Low price

What are the three distinct phases of the market according to the Dow Theory?

• Accumulation, Markup, Distribution

• Primary, Secondary, Minor

• Bull, Bear, Sideways

• Long-term, Short-term, Daily

What is the accumulation phase in the market according to the Dow Theory?

• When the market is trading between a range

• When the institutional investors enter the market

• When the stock price reaches new highs

• When the public wants to invest

What is the markup phase in the market according to the Dow Theory?

• When the institutional investors enter the market

• When the public wants to invest

• When the market is trading between a range

• When the stock price reaches new highs