ABSTRACT
The Dow Theory’s defects EN10: Figures 2-9 from the last edition now appear in Appendix A along with Edwards’ detailed account of Dow Theory operations.
Our readers, we suspect, heaved a deep sigh of relief when they closed the preceding chapter (EN10: Chapter 4 in the ninth edition, now Appendix A), which covered a difcult, tedious, and, at times, confusing subject. Some may even wish at this point that the Dow Theory had never been conceived. Others doubtless spotted one or more of its real or supposed defects and have questions to ask. Before we proceed to more interesting chart matters, we had better devote a few pages to clearing up these questions.
