Charles H. Dow, founder of the Wall Street Journal, also created what's known as the "Dow Theory" -- that the market itself is the best predictor of future performance. This insightful book takes a contemporary look at the Dow Theory and why it is still such a powerful technique for successful stock investment. In great detail, this book:

** explains the basics of Dow Theory as a technical tool
** examines the Dow Theory from a current perspective, and specifically looks at:
(1) the new speed of Bull and Bear markets cycles
(2) The massive increases in volume and volatility (and the critical "condensing effects" these cause)
** lays out the importance of support and resistance levels for prices, and how professional traders use these to design portfolio strategies for buying and selling stocks at all levels
** interprets the relationship between the Dow averages -- and how understanding this relationship creates winning stock performance.