The Dow Theory. An Explanation of its Development and an Attempt to Define its Usefulness as an Aid in Speculation.

RHEA (Robert).

Publication Date: 1932

About this Item

First edition. 8vo. x, [2], 252 pp. Original black cloth, spine lettered and ruled in red, front cover with single blind fillet border (some light spotting to edges of text block, otherwise internally clean; tips of spine and joints rubbed, otherwise a very good copy indeed). New York, Barron's. Despite being perhaps the single most recognisable name in investment history, Charles H. Dow never published his own work on the theory of the price movement in bookform. Instead, it was left to others to popularise the Dow system of technical analysis such as William Peter Hamilton and Robert Rhea. 'While confined to bed with illness for ten years, Rhea studied the Dow?s action thoroughly, eventually becoming convinced that it provided the only accurate method for forecasting stock movement. Idolizing Dow and William P. Hamilton, Rhea formulated a complete history of Dow Theory and, in conjunction with students of the theory from across the U. S., defined its terminology. This clear and precise work is the result.' 'By 1938 Rhea was selling his mimeographed Dow Theory Comments opinions to five thousand clients at forty dollars a year. Soon he had twenty five assistants, and his bedroom became a statistical storehouse. He did not want to be a tipster; however he reputedly averaged $436 gain as against every $100 he lost' (Dennistoun). With an 8 page oblong octavo pamphlet loosely inserted advertising subscriptions to Rhea's 'Dow Theory Comment'. Dennistoun, Bubbles, Booms and Busts, 405; Zerden, Best Books on the Stock Mark: A Bibliography, p. 10.

Seller Inventory # 250277

Bibliographic Details

• Title: The Dow Theory. An Explanation of its Development and an Attempt to Define its Usefulness as an Aid in Speculation.
• Publication Date: 1932
• Binding: Hardcover
• Edition: 1st Edition