The Dow Theory: William Peter Hamilton's Track Record Re-Considered
Alfred Cowles' (1934) test of the Dow Theory apparently provided strong evidence against the ability of Wall Street's most famous chartist to forecast the stock market. In this paper, we review Cowles' evidence and find that it supports the contrary conclusion -- that the Dow Theory, as applied by its major practitioner, William Peter Hamilton over the period 1902 to 1929, yielde
|Date of creation:||01 Feb 1998|
|Date of revision:||01 Apr 2008|
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" Simple Technical Trading Rules and the Stochastic Properties of Stock Returns,"
Journal of Finance,
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- repec:fth:pennfi:70 is not listed on IDEAS
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