Description
Book SynopsisDow Theory for the 21st Century includes everything that the serious investor needs to know about the stock market and how to become financially successful. Expanding upon Charles Dow''s 20th century stock market theory, author Jack Schannep provides readers with a better understanding of the ingredients that make up the world of finance, specifically the American stock market, in order to help them achieve investment success.
Trade Review'This book is the definitive guide to modern-day Dow Theory from probably its most consistently successful practitioner.' (Investors Chronicle, June 2010).
Table of ContentsAcknowledgments ix
Introduction: The What and Why of this Book xi
Part I The Traditional Dow Theory
Chapter 1 By Way of Background 3
Chapter 2 Signals Described 17
Chapter 3 A Look at the Record 25
Chapter 4 Give-and-Take about the Theory 37
Part II Bulls and Bears
Chapter 5 Bull Markets 53
Chapter 6 Bear Markets 61
Chapter 7 Bull and Bear Markets of the Twentieth and Twenty-First Centuries 69
Part III The Dow Theory for the Twenty-First Century
Chapter 8 Capitulation: The Selling Climax 79
Chapter 9 The Heart of the Theory 97
Part IV Other Important Indicators
Chapter 10 Schannep Timing Indicator: The Other Major-Trend Indicator 123
Chapter 11 “Three Tops and a Tumble”: Leading Topping Indicators 129
Chapter 12 Bonus Indicators 145
Part V The Epitome of Synergy
Chapter 13 The All-Inclusive Composite Indicator 169
Chapter 14 Practical Uses: Putting It All Together 177
Appendix A “Official” Complete and Detailed Record of the Original Dow Theory 183
Appendix B Capitulation Indicators Detailed Record 195
Appendix C CPA Verification of the Schannep Indicator 203
Appendix D Complete Record of the Composite Timing Indicator 207
About the Author 217
Index 219
