tag:blogger.com,1999:blog-6134743053361487135.post2661212730741403007..comments2023-06-15T09:28:28.686-04:00Comments on Dow Theory Investment: Why do I only write about the Dow Theory?The Dow Theoristhttp://www.blogger.com/profile/05344444810007324303noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6134743053361487135.post-51818538929696348242012-10-05T14:47:49.987-04:002012-10-05T14:47:49.987-04:00Hi Remoc,
Dow Theorist Hamilton answered your que...Hi Remoc,<br /><br />Dow Theorist Hamilton answered your question in 1922. In his book " The Stock Market Barometer" he says: <br /><br />"The law that governs the movement of the stock market, formulated here, would be equally true of the London stock exchange, the Paris Bourse or even the Berlin Boerse. But we may go further. The principles underlying that law would be true if those Stock exchanges and our were wiped out of existence...[...]" <br /><br />End of Quote.<br /><br />As to whether Dow Theory can be applied to gold and other markets, Hamilton said:<br /><br />"The averages of South African mining stocks in the Kaffir market, properly complied from the first Transvaal gold rush in 1889, would have an interest all their own [...] The comparison of that average with the movement of securities held for fixed income would be highly instructive to the economist."<br /><br />End of quote.<br /><br />In other words, Hamilong is telling us that the principles of Dow Theory may be safely applied: <br /><br />a) To stock indices outside USA.<br /><br />b) To specifics markets different from the broad markets (i.e. bonds, stock miners, etc.).<br /><br />Source: William Peter Hamilton, "The Stock Market Barometer." Wiley Edition, pages 14-15.<br /><br />Your question has prompted me to write a post in the coming days.<br /><br />Regards and thx for following this blog<br />The Dow Theoristhttps://www.blogger.com/profile/05344444810007324303noreply@blogger.comtag:blogger.com,1999:blog-6134743053361487135.post-4915393182423938872012-10-05T10:47:50.145-04:002012-10-05T10:47:50.145-04:00I'd be interested in your opinion of whether t...I'd be interested in your opinion of whether the Dow Theory could be applied to foreign indexes, such as EAFE. Thanks. I appreciate your work.Remochttps://www.blogger.com/profile/12626620056022638163noreply@blogger.com