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The Dow Theory is a form of technical analysis that relies on detecting trends in the stock market to determine an investment strategy. The same applies to the other Indicators. The detection of these trends may be interpreted differently by different analysts, and the opinions expressed on this website may not be shared by other individuals who apply the same principles of The Dow Theory or other indicators. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. The publishers of TheDowTheory.com are not brokers or investment advisers, and they do not provide investment advice or recommendations directed to any particular subscriber or in view of the specific circumstances of any particular person. Our Letters and communications are provided to our Subscribers “as is.” This implies no obligation on the part of the Editor or our staff to address inquiries regarding the content, interpretation, or clarification of our Letters and communications unrelated to subscriber-specific issues (such as credit card inquiries, changes of email, changes in subscription plans, etc.). While we may attempt to address general questions regarding the markets, we are not obligated to do so. Under no circumstances will we respond to inquiries that could be construed as specific advice tailored to the needs of an individual. There is no assurance that the views or strategies discussed are suitable for all investors and will be profitable or without the risk of loss or will equal the performance of the benchmark portfolio. Please consult your financial professional before investing to determine which investment(s) may be appropriate for you. All investments involve the risk of potential investment losses as well as the potential for investment gains. The performance of any portfolio or investment strategy should be viewed in the context of the broad market and prevailing economic conditions. References to markets, asset classes, and sectors generally reflect the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of any investment’s performance and does not reflect fees, expenses, or sales charges. All performance shown is historical, and there is no guarantee of future results. Past performance is not an indication of future returns. We are unaware of any readers’ personal circumstances, financial condition, risk tolerance, or goals and objectives, so nothing read here should be considered advice suitable for them and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or sell or trade in any commodities or securities herein named. We assume no liability for any trade taken in pursuance of our email (Discord) notifications or this monthly Letter, even in the event of a typo or wrong interpretation of the market. Information is obtained from sources believed to be reliable, but is in no way guaranteed. TheDowTheory.com reserves the right to modify, add, reduce its contents, format, or website, as well as alter subscription levels and the contents therein, pricing, etc., at any time.

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