Long Term Directs in Dow Theory

D

In Dow Theory, the term "long term directs" refers to the primary trend of the market. The primary trend is the overall direction in which the market is moving and is considered to be the most significant trend. According to Dow Theory, the primary trend is composed of three phases: the accumulation phase, the public participation phase, and the distribution phase.

The answer to the question is D. Tides. In Dow Theory, tides represent the primary trend or the long-term direction of the market. Tides are considered to be the most important aspect of the Dow Theory because they indicate the overall direction of the market and can last for several years.

Dow Theory was developed by Charles Dow, who was one of the founders of Dow Jones & Company and the creator of the Dow Jones Industrial Average (DJIA). Dow Theory is based on the analysis of market trends and is used by investors and traders to make investment decisions.

In summary, the answer to the question is D. Tides, which represent the long-term direction or primary trend of the market in Dow Theory.