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The Dow Theory

Author: Robert Rhea

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A foundational concept in technical analysis that analyzes stock market trends to gauge economic conditions and predict future market movements. 

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Published by Barron’s in 1932, this is an explanation of Dow Theory development and an attempt to define its usefulness as an aid to speculation. Rhea carefully studied 252 editorials of Charles H. Dow and William Peter Hamilton in order to present Dow Theory in terms that would be useful for the individual investor.

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