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A pioneering classic in Dow Theory."If you are a serious student of investing, you owe it to yourselfto 'go back to the future' and read this book." --Charles B.Carlson, Editor of "Dow Theory Forecast".The Dow Theory is consistently one of the best strategies forunderstanding and predicting the stock market, and when it isapplied as a method of predictable forecast, it is known as the"barometer." This finance classic offers tips and trends thatWilliam Hamilton observed over the years in the market, offering aview of market behavior that remains perpetually current. Hamilton,a contemporary of Charles H. Dow, presents a clear and in-depthdiscussion of the Dow Theory and its explanation of averages andaffinity for predictable cycles of panic and prosperity.Provides an analysis of the stock market and its history since1897.* This book is a springboard upon which current Dow Theory hasthrived.* New foreword by Charles Carlson.The late William P. Hamilton originally published The Stock MarketBarometer in 1922. Hamilton spent a career in financial journalismand became an editor of The Wall Street Journal.