Stock Market Theory & Technical Analysis
Toward a Unified Theory of Exchange Market Psychology
This site aims to advance the research on technical analysis to form a new unified theory of market psychology, in memory of Charles H. Dow, who transformed the world of investing for over 100 years.
Charles Dow had one goal in mind when he created the Dow Jones Industry Average in 1896: to measure the market as a whole rather than focusing on individual stocks. He wanted to make it the foundation of a comprehensive theory that explains and predicts general market movements.
Dow never wrote a book on investments and confined his opinions to editorials in the Wall Street Journal he founded in 1889. These writings were later formulated as the Dow Theory by others. The theory contains nascent forms of both fundamental and technical analysis and has never fully developed during the early time of the stock market.
Charles Dow had one goal in mind when he created the Dow Jones Industry Average in 1896: to measure the market as a whole rather than focusing on individual stocks. He wanted to make it the foundation of a comprehensive theory that explains and predicts general market movements.
Dow never wrote a book on investments and confined his opinions to editorials in the Wall Street Journal he founded in 1889. These writings were later formulated as the Dow Theory by others. The theory contains nascent forms of both fundamental and technical analysis and has never fully developed during the early time of the stock market.
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