The U.S. stock marketâ??s major trend now is down, so act accordingly.
Thatâ??s what the Dow Theory, the oldest stock market timing system that remains in widespread use today, is saying. It was created a century ago by William Peter Hamilton, who at the time was the editor of the Wall Street Journal. He introduced his theory in dribs and drabs over the first decades of the 20th century on that paperâ??s editorial page.
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