Chapter 6. Dow Theory
Chapter Objectives
By the end of this chapter, you should know
A brief history of the development of Dow Theory and the major contributors to this development
The three Dow Theory hypotheses presented by Rhea
Theorems of Dow Theory
The three types of trends—primary, secondary, and minor—of Dow Theory
The concept of confirmation in Dow Theory
The role of volume in Dow Theory
The criticisms of Dow Theory
“Charles H. Dow was the founder of the Dow-Jones financial news service in New York, and founder and first editor of the Wall Street Journal. He died in December, 1902, in his fifty-second year. He was an experienced newspaper reporter, with an early training under Samuel Bowles, the great editor of the Springfield [MA] Republican
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