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
• The 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 ...
Get Technical Analysis: The Complete Resource for Financial Market Technicians, Third Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
