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Robert Rhea

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Robert Rhea
An investor who was a major proponent of Dow theory, which states that when the Dow Jones Industrial Average and the Dow Jones Transportation Average both hit a new high or a new low for a period of time, it can confirm a previous, bullish or bearish signal. Rhea was a student of William Peter Hamilton. He died in 1939.


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In the seminal book entitled, “The Dow Theory” by Robert Rhea we learn that “The averages discount everything.
 
 
 
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