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The Dow theory on stock price movement is a form of technical analysis that includes some aspects of sector rotation.The theory was derived from 255 editorials in The Wall Street Journal written by Charles H. Dow (1851–1902), journalist, founder and first editor of The Wall Street Journal and co-founder of Dow Jones and Company.
Charles Henry Dow (/ d aʊ /; November 6, 1851 – December 4, 1902) was an American journalist [1] who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser. Dow also co-founded [ 2 ] The Wall Street Journal , [ 3 ] which has become one of the most respected financial publications in the world.
Only a year after Dow's death, William Peter Hamilton, who had served as a reporter under Dow from 1899 to 1902, became an editorial writer and, in January, 1908, became editor. While this gives continuity, it should not be thought that Hamilton was an avid disciple of Dow's. In the period 1903 to 1918, he mentioned the Dow theory in four ...
Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation.
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Coppock designed the indicator (originally called the "Trendex Model" [1]) for the S&P 500 index, and it has been applied to similar stock indexes like the Dow Jones Industrial Average ...
The company which is famous for the Dow Jones Industrial Average, The Wall Street Journal was founded by Jones and Charles Dow in 1882 [6] "in the basement of the New York Stock Exchange"; [7] [8] Charles Bergstresser was a silent partner. Jones had met Dow while both had worked as fellow reporters in Providence, Rhode Island. [9]
Yahoo Finance’s Jared Blikre breaks down Tuesday’s market action.
The DJIA was founded on May 26, 1896, by Wall Street Journal editor Charles Dow and statistician Edward Jones. The index closed that day at 40.94. The index closed that day at 40.94.