Dow Theory

• Dow Theory Trends
  Dow Theory lays out the basic principles of technical analysis, identifying trend changes and bull and bear markets.
• Dow: Dividends & Earnings
  Charles Dow believed that stocks yielding below 3.5% were over-priced. Nowadays, we use Robert Shiller's CAPE or PE based on highest trailing earnings.
• Warren Buffett Indicator
  Warren Buffett's indicator and the price-to-sales ratio for the S&P 500 avoid distortions from fluctuating earnings and profit margins.