Trading Glossary Confirmation Indication industrials

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Trading Glossary: Confirmation

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Term:

Confirmation

Definition:

Indication that at least two indices, in the case of Dow Theory the Industrials and the transportation, corroborate a Market trend or a turning point. The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a Trade is executed. It spells out Settlement date, terms, commission, etc.

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02/09/2012 - SV1n