Created over a hundred years ago by Wall Street Journal founder Charles H. Dow, the Dow Theory is the grandfather and foundation of all technical stock market analyses. The Theory operates on the premise that the market itself is the best predictor of future performance. By using Dow averages to explain the current condition of the market, forecast future trends, and determine investment strategy, the Dow Theory continues to be a sound technique for successful stock investing.
Cashing in on the Dow takes a contemporary look at the Dow Theory and shows investors how they can effectively --and profitably--apply the theory to today's rapidly changing market. With discussion s on origin, evolution, and core influence on other market indicators, this invaluable reference offers insights into how to understand the signals generated by stock market indicators, leading to better stock selection timing, and higher returns.

Michael D. Sheimo is an internationally known author who has been writing for more than l O years. He is a recognized expert on the Dow Theory. His book Dow Theory Redux (Probus, 1989) was well reviewed by James Gould of Pace University, in the magazine Technical Analysis of Stock & Commodities, and by Stanley Angrist of The Wall Street Journal, who wrote, If you trade stocks and don't know anything about the Dow Theory you should learn its fundamentals. It would be hard to find an easier way to do so than Michael Sheimo's book. Dow Theory Redux was also published in India. Mr. Sheimo's Stock Market Rules (Probus, 1990; also in paperback, Probus, 1995), a book discussing stock trading techniques, has had several printings, was also published in Japan, China, and Malaysia, and is still selling in 1997. The Stock Selector System, a fundamental format for setting objectives, selecting stocks, and evaluating results, was published by John Wiley & Sons of New York in 1995. He also researched, assembled, and edited a monumental international reference work (two volumes) titled The World Encyclopedia of the Stock Market, published by Fitzroy-Dearborn (Chicago & London) in 1997. Mr. Sheimo has more than 25 years experience in business. In finance he spent more than l O years as a Registered Representative and Registered Options Principal, working at Merrill Lynch and Olde Financial Corporation. He now works as a business consultant for companies like IDS, Target (Dayton Hudson), Norwest Bank, and, recently, worked on a special project for the Marketing Research Department at Pillsbury (Grand Met) in Minneapolis. He resides in Edina, Minnesota.