William Peter Hamilton

William Peter Hamilton

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. He was a student of Charles Dow and an editor of the Wall Street Journal. He died in 1930.
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Dow Theory dates back to a gentleman named William Peter Hamilton, who took over as editor of the Wall Street Journal upon the death of Charles Henry Dow himself back in 1902.
William Peter Hamilton, editor of the Wall Street Journal in the 1920's, put it this way: "A newspaper is private enterprise owing nothing whatever to the public, which grants it no franchise.