tag:blogger.com,1999:blog-6134743053361487135.post5446223951411709781..comments2023-06-15T09:28:28.686-04:00Comments on Dow Theory Investment: Dow Theory Special Issue: Putting the Dow Theory under Stress-Test (II)The Dow Theoristhttp://www.blogger.com/profile/05344444810007324303noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6134743053361487135.post-44605927951716989142016-02-04T11:24:24.575-05:002016-02-04T11:24:24.575-05:00Thx for your comment. And thx for following.
I wi...Thx for your comment. And thx for following.<br /><br />I will address the points you mention in a new post. Please stay tuned. <br /><br />RegardsThe Dow Theoristhttps://www.blogger.com/profile/05344444810007324303noreply@blogger.comtag:blogger.com,1999:blog-6134743053361487135.post-21461647797353403022016-02-03T19:48:34.537-05:002016-02-03T19:48:34.537-05:00Hi there. First of all -- I love the site. I'...Hi there. First of all -- I love the site. I'm an 18yr disciple of Dow Theory and a subscriber to Schannep and a practitioner myself. There is a dearth of material out there about Dow Theory so you are doing the world a great service. I would like to say that although I agree with most of the article, it is at risk of sounding a bit facile. During the most recent decline from the May high to the October low (approx 14% on the Dow), I believe Schannep was at least 50% invested and most people are probably even more so. I may be wrong but JS himself says people use his service in different ways. I certainly don't just buy the ETFs that he does. I use it as a "regime filter" to know when to be aggressively long and when to play defense. I appreciate that this study is only for academic purposes and to elucidate the merit of the theory, but I think it risks sounding a bit pollyannaish to suggest a 6% loss is all that can be expected in a secular bear. We haven't even talked about transactions costs, slippage, emotions and taxes!AlphaDowhttps://www.blogger.com/profile/05082492190058316013noreply@blogger.com