Category Archives: Dow Theory

S&P 500 Downside Target Update

This posting will update the downside targets for the S&P 500 Index using Dow Theory.

Dow’s Theory: 2020-2023

Applying Dow Theory from the March 23, 2020 to March 17, 2023 period, the downside targets for the S&P 500 Index are: Continue reading →

Russell 2000 Downside Target Update

Below is our update on the Russell 2000 Index applying Dow’s Theory. Continue reading →

Important Lessons in Dow Theory

On August 10, 2022, we did a review of the market based on Dow Theory.  What follows are key lessons that will benefit you in your use and misapplication of Dow’s technical theory. Continue reading →

What Burry Sees is Dow’s Theory

On January 23, 2023, Michael J. Burry posted a chart that we will deconstruct as it relates specifically to Dow Theory.

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Above is a charting of the S&P 500 from 2000 to 2003.  Burry has circled in red a potential scenario that is expected for the current market.  Although it seems straightforward, there are three potential outcomes that are addressed in Dow Theory.  Below we outline how to interpret the period in question. Continue reading →

Dow Theory on Bitcoin

It isn’t a bull move without… Continue reading →

1972-1975: Dow’s 50% Principle #DowsTheory

Below is a great charting of Dow’s 50% Principle from the work of Richard Russell. Continue reading →

Russell 2000 Downside Targets & 50% Principle

Below are the downside targets for the Russell 2000 Index applying Dow’s Theory. Continue reading →

Exxon Mobil Corp. Downside Targets $XOM

Below are the downside targets for Exxon Mobil (XOM) applying Dow’s Theory. Continue reading →

Dow Theory

Below are indications based on the work of Charles Dow relative to the current market activity: Continue reading →

Adobe Inc. Downside Targets $ADBE

Below are the downside targets for Adobe Inc. (ADBE) based on the decline from the September 2, 2021 high. Continue reading →

Philip Morris Intl Downside Targets $PM

Below are the downside targets for Philip Morris International (PM) based on the decline from the June 19, 2017 high. Continue reading →

Altria Group Downside Targets $MO

Below are the downside targets for Altria Group (MO) based on the decline from the June 19, 2017 high. Continue reading →

Disney Downside Targets $DIS

Below are the downside targets for Disney (DIS) based on the decline from the March 8, 2021 at $201.91. Continue reading →

S&P 500 Downside Targets

This posting will cover the downside targets for the S&P 500 Index using Dow Theory.

Dow’s Theory: 2020-2022

Applying Dow Theory from the March 23, 2020 to April 29, 2022 period, the downside targets for the S&P 500 Index are: Continue reading →

Dow’s Downside Target For the Nifty 50

Below are the downside targets based on the work of Charles H. Dow. Continue reading →