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Topic: Dow Theory

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	Dow Theory - StockCharts.com
		Although Dow theory is attributed to Charles Dow, it is William Hamilton's writings that serve as the corner stone for this book and the development of the theory.
		Dow and Hamilton sought to catch the meat of the move and enter during the second leg.
		While Dow theory may be able to form the foundation for analysis, it is meant as a starting point for investors and traders to develop analysis guidelines that they are comfortable with and understand.
	stockcharts.com /education/MarketAnalysis/dowtheory1.html (6318 words)

	Dow Theory - MarketThoughts.com
		In July 1949, with the Dow Jones Industrials registering a low at 161.60 and with the country in the midst of a severe recession, a new primary bull market was born.
		From thereon, the Dow Theory torch was passed on to Richard Russell.
		More recently, numerous traders have tried to reduce the Dow Theory to a "system," where a series of confirmations of the Dow Jones Industrials by the Dow Jones Transports (or vice-versa) is taken to be "buy" or "sell" signals without regards to other factors such as valuation, economic conditions, and investor sentiment.
	www.marketthoughts.com /dow_theory.html (3062 words)

	Dow Theory Is Based On the Dow Jones Industrial Average Index
		The Dow theory was developed in the late 1890s by Charles Dow, one of the founders of the Wall Street Journal.
		The purpose of the Dow theory is to determine the market’s primary trend.
		Those who follow the Dow theory are careful investors, willing to let their money multiply over the period of a bull market, rather than sell at any slight slip in the market.
	www.stockdogma.com /market-theory-dow.shtml (354 words)

	Dow Theory - StockCharts.com (Site not responding. Last check: )
		When the Dow theory was being developed at the turn of the century, the railroads were a vital link in the economy.
		Dow and Hamilton sought to catch the meat of the move and enter during the second leg.
		While Dow theory may be able to form the foundation for analysis, it is meant as a starting point for investors and traders to develop analysis guidelines that they are comfortable with and understand.
	www.stockcharts.com /education/MarketAnalysis/dowtheory1.html (6318 words)

	Dow Theory Part 1
		Although Dow theory is attributed to Charles Dow, it is William Hamilton's writings that serve as the corner stone for this book and the development of the theory.
		Even though Charles Dow is credited with developing the Dow theory, it was S.A. Nelson and William Hamilton who later refined the theory into what it is today.
		In 1932, Robert Rhea further refined the analysis of Dow and Hamilton in The Dow Theory.
	www.silverbearcafe.com /private/dowtheory1.html (1441 words)

	Dow Theory Forecasts is one of the nation's oldest and most widely read investment newsletters. (Site not responding. Last check: )
		Dow Theory Forecasts is one of the nation's oldest and most widely read investment newsletters.
		The Dow Theory was developed in the late 1890s by Charles Dow, one of the founders of The Wall Street Journal and its first editor.
		Dow Theory Forecasts has been interpreting the Dow Theory Since 1946, and our history of keeping subscribers on the right side of the market¹s primary trend is one reason we are one of only a handful of newsletters with a 50-year track record.
	www.dowtheory.com /what_is_dt.asp (1011 words)

	Fool.com: History of the Dow
		Dow was originally credited with creating the first general market average in July of 1884, although he later modified this and began to publish separate Industrial and Railroad Averages on May 26, 1896.
		Dow's Theory called for the creation of an Industrial Average and a Railroad (Transportation) Average as a way to confirm the general direction of the market.
		Dow Theory, as least as far as Dow crafted it to be, has absolutely no contemporary relevance.
	www.fool.com /DDow/HistoryOfTheDow4.htm (951 words)

	TheStreet.com: Dow Theory: It's Alive! Alive! And Bullish?
		The Dow theory, you'll recall, is one of those time-honored, traditional measures of looking at the market, which (basically) says any move in the Dow Jones Industrial Average must be "confirmed" by the Dow Jones Transportation Average.
		The theory has been broadcasting a bearish signal since Aug. 4, according to its best-known proponents, and that's something other pundits generally include in their litany of things "wrong" with the market.
		The man considered the dean of Dow theory, Richard Russell, editor and publisher of Dow Theory Letters in La Jolla, Calif., was downright dismissive of Schannep's call.
	www.thestreet.com /markets/marketfeatures/735405.html (1036 words)

	Safe Haven \| Dow Theory and Cycles
		The Dow theory looks at such things as confirmation and non-confirmation, Dow's three movements, which is a means to separate and understand the short, intermediate and long-term movements, market phasing and value, to mention a few.
		From a Dow theory perspective, this non-confirmation was a warning and when the movement from Point L to M violated the Point K lows, the bear market was confirmed.
		It was the combination of both my trend or cycle quantifications and the Dow theory that I used to develop my 2006 forecast in which I stated in January we should first see the gain in 2006 and that the pain would follow in the last half of 2006.
	www.safehaven.com /article-5829.htm (1991 words)

	Financial Sense Online Market WrapUp with Tim W. Wood 09/01/2006
		The Dow theory looks at such things as confirmation and non-confirmation, Dow’s three movements, which is a means to separate and understand the short, intermediate and long-term movements, market phasing and value, to mention a few.
		For more on the history of Dow theory, please visit www.cyclesman.com/Articles.htm and be sure to read the articles on William Peter Hamilton, Robert Rhea and George Schaefer as well.
		From a Dow theory perspective, this non-confirmation was a warning, and when the movement from Point L to M violated the Point K lows, the bear market was confirmed.
	www.financialsense.com /Market/wood/2006/0901.html (1964 words)

	The Dow Theory (Site not responding. Last check: )
		In July 1949, with the Dow Jones Industrials registering a low at 161.60 and with the country in the midst of a severe recession, a new primary bull market was born.
		More recently, numerous traders have tried to reduce the Dow Theory to a "system," where a series of confirmations of the Dow Jones Industrials by the Dow Jones Transports (or vice-versa) is taken to be "buy" or "sell" signals without regards to other factors such as valuation, economic conditions, and investor sentiment.
		I sincerely believe that the Dow Theory is even more valuable today than it ever was - in a world full of hedge funds using price, volume, and volatility breakout systems and with anyone willing to jump in at the sign of a potential trend.
	www.money-zine.com /Investing/Stocks/The-Dow-Theory (3057 words)

	The Big Picture \| Is "Dow Theory" Dead?
		Traditional Dow Theory was based on the idea that the three basic indexes: industrials, transportation, and utilities provided an accurate reading of the core elements of the US economy.
		The relevance of Dow Theory is constantly questioned, terribly misunderstood in the general financial media, and has been deserted by the newspaper (Wall St. Journal) founded by the man credited with penning the theory's implications.
		Periodically the theory is grudgingly acclaimed for its inherent low-volitility, and recently, it would be hard to argue that Dow Theory nailed the two most important moves of the last twenty-four months.
	bigpicture.typepad.com /comments/2004/04/is_dow_theory_d.html (1320 words)

	Education - MarketThoughts.com
		Although the Dow Theory has withstood the test of time and has been most efficient in timing the market over the last one hundred years, it remains one of the most misquoted and misinterpreted market-timing methodology to this day.
		The Dow Theory is actually based on a series of stock market writings written by Charles Dow (founder of the Wall Street Journal) at the turn of the century, with a major emphasis on valuations and the primary trend.
		The Dow Theory, as interpreted by William Hamilton, forms the basis of all technical analysis today.
	www.marketthoughts.com /education.html (405 words)

	TheStreet.com: Dow Theory Revisited: No Friend of the Bull
		A shrinking group of investors subscribe to Dow theory, but recall that the Dow transports "broke down" last spring even as the industrials continued to power to new highs.
		According to Dow theory, the trend was bullish from January 1991 until Aug. 4 of this year, when the industrials plunged 299.43 to 8487.31.
		Dow theory is useful for a "confirmation-type signal," but if investors wait until the industrials and transports are back to new highs, they will have missed a hefty portion of the rally, O'Bryan said.
	www.thestreet.com /markets/marketfeatures/413996.html (988 words)

	The History of the Dow Theory
		The Dow Theory (actually it is a set of observations) has basically to do with buying great values and selling those values when they become overpriced.
		Dow was a very modest man, and although his admirers begged him to write a book explaining his theories, Dow stubbornly refused.
		However, Dow's good friend, S.A. Nelson, published 15 of Dow's Wall Street Journal editorials in a little volume entitled, "The ABC of Stock Speculation." A footnote at the bottom of each chapter refers to the editorial as "Dow's Theory." But Dow himself never once used the term.
	ww2.dowtheoryletters.com /DTLOL.nsf/htmlmedia/body_the_history_of_the_dow_theory.html (3102 words)

	Dow Theory
		The ideas of Charles Dow, the first editor of the Wall Street Journal, form the basis of technical analysis today.
		Dow created the Industrial Average, of top blue chip stocks, and a second average of top railroad stocks (now the Transport Average).
		He believed that the behavior of the averages reflected the hopes and fears of the entire market.
	www.tradersedgeindia.com /dow_theory.htm (877 words)

	Dow Theory Technical Analysis market timing stock market (Site not responding. Last check: )
		Dow’s theory is a core aspect of technical analysis and market timing.
		This Dow Theory, which started to include investigations into the trends and cycles of the stock market, created the foundation for what are now the thousands of types of technical analysis approaches practiced in the market today.
		Dow theory technical analysis for QQQQ timing (AMEX: QQQQ), SandP 500 timing (AMEX: SPY), Dow Jones timing (AMEX: DIA) based on the volume of all index constituents works very well for index shifts timing.
	www.tradersfloor.com /content/info/tf_dow.asp (508 words)

	Dow Theory At a Glance
		Dow Theory is based on the philosophy that the market prices reflect every significant factor that affects supply and demand - volume of trade, fluctuations in exchange rates, commodity prices, bank rates, and so on.
		Dow theory is interested in the direction of a trend and doesn't offer any forecasting ability for determining the ultimate duration of a trend.
		The major criticism of the Dow Theory is its slowness: It misses about 25% of a move before giving a signal, primarily because it is a trend following system designed to identify existing trends.
	www.chartfilter.com /reports/c13.htm (411 words)

	Incredible Charts: Dow Theory - Confirmation
		Dow split industrial stocks and railroad stocks into two separate averages.
		The Dow Theory was created as a leading indicator of the business cycle.
		The simplicity of these observations by Charles Dow belie their immense impact on the field of technical analysis...
	www.incrediblecharts.com /technical/dow_theory_confirmation.htm (265 words)

	Safe Haven \| Dow Theory
		Now understand that cycles are not apart of Dow theory, but when I looked at the early bull and bear market periods as defined by our Dow theory fathers, I realized that these bull and bear market periods consisted of a single 4-year cycle.
		Since the Dow theory currently tells us that we are still operating within a Primary bear market, I will use the more recent 1966 to 1974 bear market to illustrate this point.
		However, those who truly understood the Dow theory are on record for knowing what was going on and the longer the market held up the more bullish the general public became in spite of these warnings.
	www.safehaven.com /article-5509.htm (1957 words)

	Dow Theory
		Dow Theory is the composite work of Charles Dow, William Hamilton, and Robert Rhea.
		Dow Theory was based on analysing the general swings in the market, with the aim of identifying the general trends.
		Furthermore, Dow believed that the daily fluctuations had no influence in determining the overall trend and could almost be misleading.
	www.trading-plan.com /ta_dow_theory.html (851 words)

	Subscribe to Dow Theory Forecasts - 28% off the cover price ($259.00)
		Dow Theory Forecasts provides specific investing advice for investors whose financial goals are to achieve 1-3 year capital gains.
		Dow Theory Forecasts is a weekly magazine and is issued 52 times per year.
		Be the first person to Review Dow Theory Forecasts Magazine (and we'll link to your myspace, website or blog).
	www.magsdirect.com /dowtheoryforecasts.html (185 words)

	RightSide Advisors - The Marketplace of Independent Investment Advisors
		Dow Theory Forecasts began in 1946, has over 50 years of experience and a track record to prove their success at picking stocks poised to explode, while at the same time controlling your risk.
		The Dow Theory of Investing was developed in the late 1890's by one of the founders of the Wall Street Journal and its first editor, Charles Dow.
		Dow Theory Forecasts was named to the Survey's Honor Roll as one of only five newsletters to deliver superior returns in both up and down markets since 1990.
	www.rightsideadvisors.com /advisors/dowtheory.asp (1361 words)

	Dow Theory
		Dow Theory, developed from the writings of Charles Dow, the first editor of the Wall Street Journal, formed the foundation of the technical analysis used today.
		Charles Dow created the Industrial Average consisting of top blue chip stocks, and the Transport Average (at that time it consisted of railroad stocks).
		Dow Theory holds that Minor trends may be subject to manipulation, but Primary and Secondary trends are not.
	www.mindxpansion.com /options/dow.html (687 words)

	Dow Theory and Cycles
		For more on the history of Dow theory, please visit www.cyclesman.com/Charts&Quotes.htm and be sure to read the articles on William Peter Hamilton, Robert Rhea and George Schaefer as well.
		It is the Dow theory that provides the backdrop of the overall Big Picture.
		If you are interested in a statistical and technical based source that also utilizes Dow theory and provides turn points for gold, the dollar, bonds and the stock market, then Cycles News & Views may be for you.
	www.gold-eagle.com /editorials_05/wood090506.html (2035 words)

	Dow Theory Divergence
		Dow Theory has its origins in the writings of Charles Dow -- founder of the Wall Street Journal and creator of the Dow Jones Industrial Average.
		This was important bullish Dow Theory divergence and was a signal that a major change in trend was taking place.
		The Dow Jones Industrials remains in a strong downtrend, whereas the Transports are hitting multi-year highs.
	www.streetauthority.com /cmnts/mp/2004/10-25-dow.asp (1050 words)

	Dow Theory Forecasts Investment Newsletter
		Sign up for a free 30-day trial to Dow Theory Forecasts, the investment newsletter that has been keeping investors on the right side of the primary trend for more than 60 years.
		Developed by Richard Moroney, editor of Dow Theory Forecasts and Upside, Quadrix is a proprietary stock-rating system.
		Dow Theory Forecasts® is a publication of Horizon Publishing Company
	www.dowtheory.com (550 words)

	Richard Russell
		Russell, who has been writing The Dow Theory Letters for 46 years, is well known for making great stock market calls like the one he made in 1974...
		Dow also considered the market to be ready for a sell-off when one of the indexes rose to a new high while the second index lagged behind.
		For more on Dow Theory, visit http://www.dowtheoryletters.com and click on the link on the bottom left called "The History of Dow Theory." You can read more about Richard Russell and his take on our oldest market indicators.
	www.investmentu.com /IUEL/2004/20041029.html (1019 words)

	The Dow Theory Record - Schannep Timing Indicator
		Confirmation by both is an integral part of the Dow Theory.
		A review of the Dow Theory signals implies that a secondary trend will usually bounce at least 4% on both the Industrials and Transportation Indices, and usually one or both will exceed 7%.
		What is precisely defined is the extent of the "return move", the pullback after a bounce up from a Bear market bottom, or the bounce after a pullback from a Bull market top, and that shall exceed 3% on either of the averages.
	thedowtheory.com /theoryexplanation.htm (528 words)

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