Dow Theory

Dow Theory is a theory on stock price movements that provides the basis for technical analysis. The theory originally derived from the editorials of Charles H. Dow (1851-1902), journalist, first editor of the Wall Street Journal and co-founder of Dow Jones and Company. It was refined after his death by William P. Hamilton, Charles Rhea and E. George Schaefer and collectively represented as "Dow Theory". Dow himself never used the term "Dow Theory" though. It was Dow who first compiled a stock market average that he thought was representative of the US economy. This later grew into the stock market index that still bears his name: the Dow Jones Industrial Average.

Related Topics:
Technical analysis - Charles H. Dow

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Dow never wrote a book that summarized his beliefs, but his beliefs organized by the aforementioned are summarized below.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~