Dow Theory is one of the most important trend following theories ever. As market evolved, the concepts of Technical analysis became more elaborated and complex, most essential foundation was forgotten in the Market literature.Even with much complexity nothing beats the Dow Theory on odds and logic. It’s around for over 100 years and still important as it is, even today
When it comes to 21st century financial markets,The complexity takes a heavy toll when you scroll down the list of market participants all you notice is the emerging linear changes that keeps the market evolving from phase to phase. After dot.com bubble,technology played a big role in transforming marketplaces,auction facilities and order flow transmittation from open out cry towards computer screening.