Robert Rhea

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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Manewal - Robert Rhea Manewal, 87, of Junction City, died Jan.
In 1932, an acolyte of Hamilton's named Robert Rhea wrote, "The fluctuations of the daily closing prices of the Dow Jones rail and industrial averages afford a composite index of all the hopes, disappointments and knowledge of everyone who knows anything of financial matters, and for that reason the effects of coming events (excluding acts of God) are always properly anticipated in their movement.