The Dow Theory Today.

RUSSELL, Richard.

Item Number: 33014

New York: Richard Russell Associates, 1960.

First edition. Octavo, original cloth. Inscribed by the author on the front free endpaper, “John My best to you Richard Russell.” Fine in a near fine jacket with light rubbing. With a letter from Richard Russell’s secretary. Rare signed and inscribed.

Richard Russell began publishing a newsletter called the Dow Theory Letters in 1958.The Letters covered his views on the stock market and the precious metal markets. He also frequently shared episodes in his life and thoughts about the world as he saw it, following the stock market since the 1950s. In 1969 Russell devised the Primary Trend Index, composed of eight market indicators that he never publicly divulged -- his own secret recipe. When his index outperformed an 89-day moving average, it was time to buy. When it underperformed the 89-day moving average, a bear market was at hand. The Letters, published every three weeks, covered the US stock market, foreign markets, bonds, precious metals, commodities, economics plus Russell's comments and observations and stock market philosophy. Russell also wrote daily entries (Richard's Remarks) about 4 times a week on his website.