You may be thinking by this stage that this theory is rubbish.
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As the original Dow average was composed of shares from different sectors the next part of the Dow theory was that the average of the different sectors must confirm each other.
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Obviously it would need to close back above the 9 period moving average in an up trend.
If you are following a particular stock and it is trading at $10 then that is a fair value of that stock.