William Peter Hamilton 

1960

First Edition Thus 

This uncommon edition was published by Dow Theorist, Richard Russell. The book is in excellent unread condition with a tight binding and clean unmarked pages. The dust jacket shows a bit of wear around the edges. Otherwise, it's nice and bright.  

The Dow Theory, popularly known to the public by an industrial average of thirty leading stocks started out as a number of editorials in the Wall Street Journal written by Charles H. Dow, one of the founders of that superlative business newspaper. 

It remained for a man named Samuel A. Nelson to coin the phrase "The Dow Theory". Nelson was unable to persuade Charles Dow to write a book about his theories, so he did the next best thing. He wrote a book of his own in 1902 called The ABC of Stock Speculation, and included all he could find of Dow's editorials from the Wall Street Journal. 

The author of this book, William P. Hamilton, was the first major successor to Charles Dow. He followed Sereno S. Pratt as editorial writer of the Wall Street Journal. 

He carried on the Dow tradition, expanding on the work Dow had started but could not complete because of his untimely death at the age of 52. 

The Stock Market Barometer is Hamilton's clear affirmation of his belief in the efficacy of the Dow Theory. He proved to be a faithful disciple of Charles Dow and successfully used that stock market barometer to predict the bull and bear markets from 1903 until the 1929 crash.