Tuscan, AZ, July 05, 2010 --(PR.com)-- The Dow Theory
News letter identifies the new stock market status after a year of uncertainty.
Unplugged: Charles Dow's Original Editorials & Their Relevance Today is the most complete collection of the writings of Charles Dow (co-founder of the "Wall Street Journal" and the Dow Jones Indexes, who developed the basic means for monitoring markets that have been in use for a century), economic pioneer and genius of his era.
Two prominent investment publishers, Richard Russell (Dow Theory
Letter) and Joe Granville (Granville Market Letter) are into their mid-eighties and still going strong.
Forecasts, an independent investment newsletter is becoming more positive about prospects for the pharmaceutical industry, reporting recently that "there is still value in pharmaceutical stocks.
The investment newsletter Dow Theory
Forecasts indicates that it expects slow sales growth for retailers in 2008, because consumers have become less willing to spend.
Horizon produces a range of related newsletters, including Dow Theory
Forecasts, The DRIP Investor and The Pure Fundamentalist.
The Dow Theory
of Markets, which beat out the other methods from 1900 to 1937, after 1937 never did perform very well at all.
Although technicians have created dozens of methods for charting stocks, the modes most used by technicians include the Dow Theory
, the McClellan Oscillator and the Elliott Wave.
The four benchmarks are (a) values of the Dow-Jones Index that are "critical" in Dow Theory
; (b) "bargain" prices of the "$3.99 [less than] $4.00" variety; (c) inflation that reaches "double-digit" levels; and (d) polls that show a candidate reaching a 50% preference level.
The various ups and downs are responsible for the bottom line of Dow Theory
Forecasts Inc., publisher of a 44-year-old newsletter that has its editorial offices in Hammond.
The pair's technical bull trend credentials, in evolution since early February, are strong, both by Dow theory
's higher highs and higher lows yardstick and by a rising RSI momentum indicator (14 day), which is strengthening while still being short of "overbought" levels.