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Random article: Dow Jones Index
Dow Jones Index (abbreviated as DJI) was introduced by Charles Henry Dow in the end of the 19th century. Charles Dow was an editor of Wall Street Journal newspaper and a founder of Dow Jones & Company. This index was purposed to trace development of industry branch of the US stock markets, therefore it was named “industrial”. Originally it represented an arithmetic average of 12 largest stocks of American industrial companies. Over the years the number of constituent companies grew, and by this moment Dow Jones industrial includes indices of 30 largest companies of the USA representing a scaled average of their stock prices.
The Fibonacci Spiral & Fibonacci Time Projection is among the popular Fibonacci Studies on the Forex market. Using these two methods in combination help traders to determine powerful support and resistance levels of the market along with time prediction. While the Fibonacci Time Projection is quite common and its rules are clear, the Fibonacci Spiral strategies can be used in different ways.
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