Dow Theory is one of the oldest and most widely used methods for technical analysis in the financial markets. It was developed by Charles Dow, the founder of the Wall Street Journal, and is based on his observations of market trends in the late 19th and early 20th centuries. The theory is based on the premise that the stock market moves in trends and that these...
The Dow Theory is a well-known financial theory developed by Charles Dow, the founder of Dow Jones & Company, in the late 19th century. The theory suggests that the market is in an upward trend if one of its averages, such as the Dow Jones Industrial Average (DJIA) or the Dow Jones Transportation Average (DJTA), advances above a previous important high and is...