- Format: Kindle Edition
- File Size: 507 KB
- Print Length: 24 pages
- Simultaneous Device Usage: Unlimited
- Sold by: Amazon Media EU S.à r.l.
- Language: English
- ASIN: B00J1U4J8Y
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Average Customer Review: 1 customer review
- Amazon Bestsellers Rank: #623,186 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Dow Theory: From Bear Markets to Bull Markets- How to Predict Market Movements with the Original Theory of Technical Analysis Kindle Edition
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Top Customer Reviews
Most Helpful Customer Reviews on Amazon.com (beta)
In the end, investing is a crap-shoot, but quick guides like this do help navigate with a little more basic understanding. Just what I needed for this project!
The book discusses how the theory of the market has three assumptions: the price trend can't be manipulated (even though individual stocks may be manipulated for a period of time); the market reflects everything; and the theory is not infallible.
It goes on to discuss the Dow Theory which posits that there are three types of price movements (primary trends, secondary movements and daily fluctuation) and that recognizing these can help a trader catch the big swings and make big profits. The book does a good job of describing these movements and makes it clear that unless one recognizes these movements for what they are, one can have big losses (for example, by focussing too much on the daily fluctuations and making poor decisions as a result)!
The book also discusses the three stages of each of the bull and bear markets, which helps the reader to understand the market.
This is an essential read for an investor or day trader who wants to add to his or her arsenal and get a bigger picture understanding of the market. It's background, general knowledge that helps one invest well and properly.
To boot, it also comes with BONUS MATERIAL: the free Trading Toolkit, which has so many resources to help out an investor. Another great read from Michael Young.