Replacing Dow Theory with John Magee’s Basing points Procedure

I have humorously compared the interpretation of the market using Dow Theory to the ancient

Technical Analysis of Stock Trends-The Dow Theory’s defects

EN10: Figures 2–9 from the ninth edition now appear in Appendix A along with Edwards’

Technical Analysis of Stock Trends-The Dow Theory

The Dow Theory is the granddaddy of all technical market studies. Although it is frequently