Q. Which of the following is not a basic tenet of the Dow Theory? (Solved)

1. No additional information is needed for the stock market outside of data on stock indexes.

2. The financial market has three distinct types of movements: the primary trend, the intermediate trend, and short-term trends.

3. There is usually a positive relationship between a trend and the volume of shares traded.

4. The intermediate trend has a duration of three weeks to six months.

5. A bear market is established when the Dow Jones Industrial Average is moving down