Dow Theory First Edition - Robert Rhea - Bauman Rare Books

Dow Theory

Robert RHEA

Item#: 70281 We're sorry, this item has been sold

Dow Theory

“THE MOST DEPENDABLE INDICATOR OF PRICE AND BUSINESS YET DEVISED”: FIRST EDITION OF ROBERT RHEA’S THE DOW THEORY

RHEA, Robert. The Dow Theory. An Explanation of its Development and an Attempt to Define its Usefulness as an Aid in Speculation. New York: Barron’s, (1932). Octavo, original navy cloth.

First edition of this investing textbook, “the cornerstone of any serious study of Dow Theory.”

“Rhea is properly credited as the man who traced Dow Theory implications better than any other… Rhea gave Dow Theory the respect it needed to prosper. Taking all that he had learned as a student of William Peter Hamilton, he transformed it into a book that has become the cornerstone of any serious study of Dow Theory. Rhea’s seamless weaving of Hamilton and Dow’s words into a thorough explanation of the theory’s implications gives any reader a full opportunity to start their journey of exposure to Dow Theory” (The Dow Theory Project). Rhea explained the theory by identifying four separate theorems: trend identification, buy and sell signals, volume, and trading ranges. Using those ideas, which are still widely in use, thousands of investors managed to survive and profit during the turbulent 1930s. Pencil list.

Only light rubbing to original cloth. A handsome copy. Quite scarce.

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Aquatint Copperplate process by which the plate is “bitten” by exposure to acid. By changing the areas of the plate that are exposed and the length of time the plate is submerged in the acid bath, the engraver can obtain fine and varying shades of gray that closely resemble watercolor washes. Although the name contains the word “tint”, this is a black-and-white printing process; aquatint plates can often be hand colored, however.
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