Review: I Learned about the Dow!
Rating: 5 out of 5
Date: 05 9, 2014
So I always hear about Dow this and that, and I never fully understood what it was, accept that it had something to do with markets. I know its more to it than that, so thanks to Michael Young, I was able to get a better understanding of what exactly is the Dow Theory! The Dow Theory is actually a way of thinking about investments markets, rationalizing their moves and the long term direction (who knew, I just thought it was a market). The 3 assumptions of Dow's Theory is explained; price trend cant be manipulated, market reflects everything, the theory is not infallible. Young also goes into great detail about movements of the market, primary trends, secondary movement, daily fluctuations, and the bull and bear markets are also highlighted at a higher level in this book. Lastly a overview of technical analysis for the Dow Theory is a focus for Young. This book is a highly recommended read for all traders out there or even those that are simply interested in what the Dow Theory is and how it operates.