By Mary Anne and Pamela Aden and the Dow Theory Team
Since I call my site and reports Dow Theory letters, I want to spout a bit of Dow Theory now.
The power and usefulness of Dow Theory has been doubted and sneered at since the early 1900s, but the effectiveness of Dow Theory has been proven over and over again.
The fact that the essence of Dow Theory concerns itself with VALUES never occurs to these gentlemen. They concentrate their criticism on the thesis that the Dow and the Transports no longer represent the true essences of the market.