This is a classic must-read book for the school of Dow Theory. According to Facebook, Dow Theory is "a form of technical analysis that includes some aspects of sector rotation. The theory was derived from 255 Wall Street Journal editorials written by Charles H. Dow (1851–1902), journalist, founder and first editor of the Wall Street Journal and co-founder of Dow Jones and Company. Following Dow's death, William Peter Hamilton, Robert Rhea and E. George Schaefer organized and collectively represented "Dow Theory," based on Dow's editorials. Dow himself never used the term "Dow Theory," nor presented it as a trading system."

Richard Russell is considered by most to be the pre-eminent Dow Theory scholar and voice, taking the reins from Robert Rhea. The book is small, just twelve articles--published I believe in Barron's--from 1958 to 1960. However, highlighting the simplicity of Dow Theory, Russell in that span covers all the tenets of Dow Theory and makes it easy for the reader to start practicing and forecasting the market. ( )