Review: Predicting Market Movements
Rating: 5 out of 5
Date: 04 13, 2014
The Dow Theory is an investment methodology spoken about by the father of the Dow Jones Index.  It is based on three assumptions that the price trend of the market cannot be manipulated, that the market reflects everything and that theory is infallible.  He believes that a successful trader should only consider the theory as a tool.  More importantly, the market must be carefully studied and analyzed.  A modern phrase sometimes used to summarize the Dow Theory is, “Make the Trend your Friend.”  Another great job by Michael Young!