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. 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.

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.

Updates and vastly improves the twentieth century's most famous trading strategy. Must reading for serious investors, market timers, technical analysts, and market professionals

Dow Theory for the 21st Century 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.

The 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.

Schannep 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.

Providing 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.

Download: