Review: Love it, great read!
Rating: 5 out of 5
Date: 04 11, 2014
While I am aware of some aspects of trading and investing, it is always good to have insight on aspects of terminology and theories. I enjoyed this book. It is give a clear picture of how the Dow Theory started, where it came from, what it means and how it is implemented. Nailed it in my opinion. It is very intriguing how Hamilton started off using the railroad as a guide and now the  airlines a guide, since airlines replaced the railroad.  I guess in the future, space travel will be the next index guide. lol  Now, others may be skeptical, but the Dow Theory is just a tool. It is not an end all and be all of trading or investing. The modern day phrase (quoting the Author) "Let the Trend be your Friend", like Michael says, you can utilize the Down Theory to find that trend. Then you utilize your specific method of trading and investing. I said it before and I'll say it again, I prefer the Spread aspect. I love the concept of investing in a multitude of ways. If you have read some of Michael's other books about Trading, then you may be as excited as I am, especially about the options of having (for the lack of a better term) multiple routes of a needed outcome. It is no longer the day of age in which you have to purchase one stock and watch and wait. Now you can play around and utilize multiple techniques and invest in different options.  I personally like the Dow Theory. This is one example of something that has been around for many many 'moons' and still is utilized today. "If it ain't broke, don't fix it!"