HAMILTON (William Peter).
The Stock Market Barometer. A study of its forecast value based on Charles H. Dow's theory of the price movement. With an analysis of the market and its history since 1897.
"THE BIBLE OF DOW THEORY"
Despite being perhaps the single most recognisable name in investment history, Charles H. Dow never published his own work on the theory of the price movement in bookform. Instead, it was left to others to popularise the Dow system of technical analysis such as Robert Rhea and William Peter Hamilton who ‘wrote an incisive book entitled The Stock Market Barometer. It has become to be regarded as the “the bible of Dow Theory”’ (Dennistoun).
Hamilton’s work is advertised alongside other works about Dow Theory on the jacket of Commonsense Speculation by Harris Nelson (1938): ‘This book … represent Hamilton’s efforts to explain Dow’s theory. It contains many reminiscences and sophisticated suggestions, all interesting to students of the price movement, and should be read by all those who may wish to become familiar with every authoritative work on the subject of Dow’s theory.’
Denninstoun, Bubbles, Booms and Busts, 404.
