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 ...
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