Tracking this divergence between the indexes is all well and good, say many frustrated adherents of the Dow Theory.
IF adherents to the Dow Theory studied its record, they would likely stick to their guns.
Assuming that you're following the Dow Theory because it reduces risk while furnishing competitive long-term performance, you have no reason not to stay the course.
Proponents of the Dow Theory, as with many a stock market theory, have sometimes been in radical disagreement.
The Dow Theory, a traditional method of stock market analysis, got started as a way of checking the health of the economy.
Mr. Russell of Dow Theory is one of the most bearish technicians.
In 1942, he joined with Robert D. Edwards to refine research into the method of stock investment known as the Dow Theory.
I recall that when I was a young sprig, I read about the Dow Theory of investing or maybe a commentary about it.
Richard Russell's Dow Theory letters weekly newsletter and charts.
The basic definition of a price trend was originally put forward by Dow Theory.