Charles Henry Dow

History of Financial Advice Collection. Charles H. Dow, the foundational figure in the technical analysis tradition of stock trading, was co-deviser of the Dow Jones Index of leading stocks and founding editor of The Wall Street Journal. Scientific Stock Speculation collects fifteen of the more than two hundred “Review and Outlook” columns written by Dow for the Journal between 1899 and 1902 (the year of his death). In these pieces, Dow lays out his central theory that the market is subject to three trends: the main or primary movement, which could persist in a generally bullish or bearish direction for as long as several years; the countervailing “medium swing” or secondary reaction running from a couple of weeks to a month or more; and the “narrow movement” of prices’ moment-to-moment or day-to-day fluctuations.… (mehr)