{"id":8845,"date":"2013-04-11T07:55:48","date_gmt":"2013-04-11T07:55:48","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=8845"},"modified":"2024-04-12T14:14:30","modified_gmt":"2024-04-12T08:44:30","slug":"third-tenet","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/third-tenet\/","title":{"rendered":"Third Tenet"},"content":{"rendered":"

Dow theory is based on the basic principle that “Market Discounts Everything”\u00a0<\/em> which means that all the past, current and future events are discounted in the market and reflected in the prices of stock and indexes. These events may include emotions of the investors, inflation, interest rate, earning announcements etc. The only events that are excluded are those whose\u00a0occurrence is unknown such as earth quake, flood or any other unforeseen event.<\/p>\n

This means that over any period of time, all the factors –\u00a0those that have happened, are expected to happen and could happen – are priced into the market. Therefore given any event, the market adjusts long with the prices as per the existing condition.\u00a0Like mainstream technical analysis, Dow theory is mainly focused on price. However, the two differ in that Dow theory is concerned with the movements of the broad markets, rather than specific securities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow theory is based on the basic principle that “Market Discounts Everything”\u00a0 which means that all the past, current and future events are discounted in the market and reflected in the prices of stock and indexes. These events may include emotions of the investors, inflation, interest rate, earning announcements etc. The only events that are…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3314],"tags":[],"class_list":["post-8845","page","type-page","status-publish","hentry","category-technical-analyst"],"acf":[],"yoast_head":"\nThird Tenet - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/third-tenet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Third Tenet - Tutorial\" \/>\n<meta property=\"og:description\" content=\"Dow theory is based on the basic principle that “Market Discounts Everything”\u00a0 which means that all the past, current and future events are discounted in the market and reflected in the prices of stock and indexes. 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