His interpretation of the Dow Theory
did a better job of navigating the 2007-2009 bear market and subsequent bull market than any of the nearly 200 other stock market timing strategies monitored by the Hulbert Financial Digest.
On the positive side, Dow Theory
notes that the Food and Drug Administration approved a record 440 generic drugs in 2007, more than double the number approved a decade ago.
Basing speculations on the Dow Theory
, if the stocks have gone higher than the previous peak, the Dow Theory
adherents should buy, because they are likely to profit.
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.
So the question for the Possibility Theorem is whether publication of the Dow Theory
before trading opens will cause a significantly different movement in the market that day than if the Theory weren't published.
The various ups and downs are responsible for the bottom line of Dow Theory
Technical Analysis will take you through basics such as the Dow Theory
, types and patterns of charts, mathematical indicators and will round it off with some tips on investment.
One of the longest-lived theories about the stock market is the so-called Dow Theory
, which holds that when the Dow Jones Industrial Average and the Dow Transportation Index are making new highs in lockstep, they are signaling not just a bull market but one with real staying power.