The Dow Theory: William Peter Hamilton's Track Record Re-Considered

Stephen Brown (), William Goetzmann and Alok Kumar

Yale School of Management Working Papers from Yale School of Management

Abstract: Alfred Cowles' (1934) test of the Dow Theory apparently provided strong evidence against the ability of Wall Street's most famous chartist to forecast the stock market. In this paper, we review Cowles' evidence and find that it supports the contrary conclusion -- that the Dow Theory, as applied by its major practitioner, William Peter Hamilton over the period 1902 to 1929, yielde

Date: 1998-02-01, Revised 2008-04-01
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Related works:
Working Paper: The Dow Theory: William Peter Hamilton's Track Record Re-Considered (2008)
Working Paper: The Dow Theory: William Peter Hamilton's Track Record Re-considered (2004)
Working Paper: The Dow Theory: William Peter Hamilton's Track Record Re-Considered (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:somwrk:ysm85

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