Dow Theory: The Cornerstone of Market Analysis: The Cornerstone of Market Analysis

Author: Chen Dong
Publisher:
Publish Date: 2004-01-01
Features: Dow Theory is one of the oldest stock analysis theories on Wall Street, with over 100 years of history. To date, no other theory has stood the test of time as well as Dow Theory. If you analyze market trends solely based on Dow Theory, you will likely outperform the majority of "experts" on Wall Street. Investors who use Dow Theory's confirmation days as buy/sell signals and account for its mistakes can almost guarantee a long-term return rate of 14%. However, since Dow Theory has been around for over a century, simply applying old methods is not enough; innovation is necessary.