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What is Dow Theory: A Historical Overview about?

The document provides a history of the Dow Theory, beginning with Charles Dow who first developed the theory in the late 1800s. It describes how subsequent analysts like William Hamilton, Robert Rhea, and E. George Schaefer expanded on and refined different aspects of the theory over decades. Key points include: Hamilton defined the confirmation principle of averages, Rhea codified and refined Dow Theory, and Schaefer emphasized buying great values and holding throughout bull markets. The document traces ho

Author

Pointtonote

Language

EN