{"product_id":"dow-theory-for-the-21st-century-isbn-9780470240595","title":"Dow Theory for the 21st Century","description":"\u003ci\u003eDow Theory for the 21st Century\u003c\/i\u003e includes everything that the serious investor needs to know about the stock market and how to become financially successful. Expanding upon Charles Dow's 20th century stock market theory, author Jack Schannep provides readers with a better understanding of the ingredients that make up the world of finance, specifically the American stock market, in order to help them achieve investment success. \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction: The What and Why of this Book xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Traditional Dow Theory\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 By Way of Background 3\u003c\/p\u003e \u003cp\u003eChapter 2 Signals Described 17\u003c\/p\u003e \u003cp\u003eChapter 3 A Look at the Record 25\u003c\/p\u003e \u003cp\u003eChapter 4 Give-and-Take about the Theory 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Bulls and Bears\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Bull Markets 53\u003c\/p\u003e \u003cp\u003eChapter 6 Bear Markets 61\u003c\/p\u003e \u003cp\u003eChapter 7 Bull and Bear Markets of the Twentieth and Twenty-First Centuries 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III The Dow Theory for the Twenty-First Century\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Capitulation: The Selling Climax 79\u003c\/p\u003e \u003cp\u003eChapter 9 The Heart of the Theory 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Other Important Indicators\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 Schannep Timing Indicator: The Other Major-Trend Indicator 123\u003c\/p\u003e \u003cp\u003eChapter 11 “Three Tops and a Tumble”: Leading Topping Indicators 129\u003c\/p\u003e \u003cp\u003eChapter 12 Bonus Indicators 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V The Epitome of Synergy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 The All-Inclusive Composite Indicator 169\u003c\/p\u003e \u003cp\u003eChapter 14 Practical Uses: Putting It All Together 177\u003c\/p\u003e \u003cp\u003eAppendix A “Official” Complete and Detailed Record of the Original Dow Theory 183\u003c\/p\u003e \u003cp\u003eAppendix B Capitulation Indicators Detailed Record 195\u003c\/p\u003e \u003cp\u003eAppendix C CPA Verification of the Schannep Indicator 203\u003c\/p\u003e \u003cp\u003eAppendix D Complete Record of the Composite Timing Indicator 207\u003c\/p\u003e \u003cp\u003eAbout the Author 217\u003c\/p\u003e \u003cp\u003eIndex 219\u003c\/p\u003e  \u003cp\u003e\"This book is the definitive guide to modern-day Dow Theory from probably its most consistently successful practitioner.\" (\u003cem\u003eInvestors Chronicle,\u003c\/em\u003e June 2010)   \u003c\/p\u003e\u003cp\u003eJack Schannep is the author and editor of the Schannep Timing Indicator \u0026amp; TheDowTheory.com Newsletter as well as a recognized Dow theorist. Prior to writing his market letter, Schannep was a stockbroker with Dean Witter in Phoenix. He opened and managed the Dean Witter Tucson offices from 1968 until retiring as senior vice president in charge of the southern Arizona offices in 1984.\u003c\/p\u003e  \u003cp\u003eThe first stock index published by Charles Dow in 1884 was comprised of eleven stocks, nine of which were railroads. It was not until 1896 that the Dow Jones Industrial Average was born, with twelve \"smokestack\" companies. Dow saw the stock market and his ideas about how it moved—yet to be named by others as Dow's Theory—as an indicator of business activity. Today, over 100 years later, his theory is still relied upon by investors. In Dow Theory for the 21st Century, Jack Schannep expands upon this theory and brings it into the new millennium, providing the information that today's serious investor needs to achieve stock market success.\u003c\/p\u003e \u003cp\u003eSchannep discusses the classic patterns of Dow Theory Buy and Sell signals and explains why they will be just as profitable in the future as they have been in the past—detailing bull-market buy and bear-market sell signals. He provides \"a complete and detailed record\" of the Dow Theory that shows how, with some few exceptions, Dow Theory Buy signals have preceded, confirmed, or reconfirmed all business expansions and bull markets during the twentieth century. Perhaps most importantly, Schannep explains capitulation—one of the most frightening times in the stock market's cycle, and at the same time, one of the most profitable—outlining its eight best indicators and their record of success. Along the way, the author also offers readers a valuable tool for identifying changes in the trend of price movements on the major stock averages: the Schannep Timing Indicator. Developed while the author was at Dean Witter (now Morgan Stanley), it became the major trend indicator used by the firm. And like the Dow Theory, it has a proven record of excellence.\u003c\/p\u003e \u003cp\u003eProviding readers with a firm understanding of the original Dow Theory, a logical definition of bull and bear markets, and the ability to use capitulation to their advantage, this book ultimately formulates a Dow Theory for the twenty-first century that will help anyone invest more successfully as we move forward through Wall Street's next hundred years.\u003c\/p\u003e  \u003cp\u003ePraise for Dow Theory for the 21st Century\u003c\/p\u003e \u003cp\u003e\"Jack Schannep is simply the most accurate market timer I have ever known. I have read his commentaries religiously since 2002, and he has been right every step of the way. He perfectly called the market bottom in October 2002 and never wavered from his bullish stance until late in 2007... and again, he was 100% right to call an end to the five-year bull run. Jack's application of technical analysis in defining the primary trend of the market has been spot on.\"\u003cbr\u003e —Stephen Reitmeister, Executive Vice President, Zacks Investment Research\u003c\/p\u003e \u003cp\u003e\"Jack Schannep is one of the finest Dow Theory analysts now practicing. This is easy to say in a time when praise is cheap. The real praise is that I rely on his work in my work.\"\u003cbr\u003e —W.H.C. Bassetti, Adjunct Professor,\u003c\/p\u003e \u003cp\u003eFinance and Economics, Golden Gate University; editor and coauthor, Technical Analysis of Stock Trends, Ninth Edition\u003c\/p\u003e \u003cp\u003e\"Dow Theory for the 21st Century offers individual investors a clear and practical approach to the big-trend (bull market-bear market) paradigm for long-term investing outperformance.\"\u003cbr\u003e —Steve LeCompte, Managing Partner, The CXO Advisory Group\u003c\/p\u003e \u003cp\u003e\"If you want to understand the Dow Theory, this is the book to buy. Jack has done a superb job of not only researching the details of the Dow Theory, but in putting it in simple understandable language. In addition, he has done what readers really want—interpreted the theory to make money! His years of working with the Dow Theory give readers a unique edge in understanding one of the oldest stock strategies in existence.\"\u003cbr\u003e —Dave Garrett, Principal, TimerTrac.com\u003c\/p\u003e \u003cp\u003e\"Updates and vastly improves the twentieth century's most famous trading strategy. Must reading for serious investors, market timers, technical analysts, and market professionals.\"\u003cbr\u003e —Yale Hirsch and Jeffrey A. Hirsch, Stock Trader's Almanac\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989083701477,"sku":"NP9780470240595","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470240595.jpg?v=1761782728","url":"https:\/\/k12savings.com\/products\/dow-theory-for-the-21st-century-isbn-9780470240595","provider":"K12savings","version":"1.0","type":"link"}