Cashing in on the Dow

Cashing in on the Dow

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Created over a hundred years ago by Wall Street Journal founder Charles H. Dow, the Dow Theory is the grandfather and foundation of all technical stock market analyses. The Theory operates on the premise that the market itself is the best predictor of future performance. By using Dow averages to explain the current condition of the market, forecast future trends, and determine investment strategy, the Dow Theory continues to be a sound technique for successful stock investing. Cashing in on the Dow takes a contemporary look at the Dow Theory and shows investors how they can effectively --and profitably--apply the theory to today's rapidly changing market. With discussion s on origin, evolution, and core influence on other market indicators, this invaluable reference offers insights into how to understand the signals generated by stock market indicators, leading to better stock selection timing, and higher returns.As companies are bought out. their stock stops trading and the money goes elsewhere a€” this is one form of condensing that can take place in the stock market. ... The focus of comparison should always be on the current market situation. ... After the aquot;crashaquot; of 1987. many people feared the worst, another 1930s type depression would follow. ... John Magee, one of the co-authors of Technical Analysis of Stock Trends, added new stock price and Dow Average charts to each revision.

Title:Cashing in on the Dow
Publisher:CRC Press - 1998-04-09


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