Mark Hulbert of Marketwatch: The Transports have been the stronger of the two benchmarks, and it is widely considered to be a leading economic indicator. Read the article HERE.
The Dow Theory Bible
"If you want to understand the Dow Theory, this is the book to buy. Jack has done a superb job of not only researching the details of the Dow Theory, but in putting it in simple understandable language. In addition, he has done what readers really want -- interpreted the theory to make money! His years of working with the Dow Theory give readers a unique edge in understanding one of the oldest stock strategies in existence".
"I find your book is very useful. The economic metrics, psychology sentiments, earning-fundamental, and historical statistics that you track enable is to time a major reversal, is really golden. Very few people are able to integrate and synthesize multi-disciplines into one".
Old Wisdom is the Best Wisdom - By way of complete disclosure I must say that I use Jack Schannep's work in my own work. Some years ago when I was looking to update the Dow Theory performance record I went to (another) famous Dow Theory analyst looking for DT signals for the second half of the century. He didn't have a record. I was completely astounded. Then I found Jack Schannep and not only found a Dow Theorist of uncommon excellence (and the Dow Theory performance record) but also an old fox market analyst. His book is full of valuable observations and conclusions from a lifetime of sailing the market seas. Readers are advised that his book is valuable whether they have any interest in Dow Theory or not. More importantly, books on technical analysis are divided into two groups, those which display hard won wisdom and those which demonstrate technical virtuosity. Both of these characteristics shine in Schannep's book.
An Instant Classic - This book is written by an old broker who saw the cycles that elapsed during his many years of practice - only he early on recorded the parameters significant to the ebb and flow of these cycles. The author's years of experience are evident. In his lifetime alone, many cycles have occurred. He opens up our eyes to the fact that the market can be timed using various parameters.
A Good Case for Market Timing - Jack Schannep's Dow Theory for the 21st Century is a must read for serious investors or anyone wishing to gain some understanding of the U. S. stock market. His descriptions are concise, his theories are clear and his track record is well documented. Going against conventional wisdom, Schannep makes a great case for market timing. He sheds light on myriad financial and economic terms and data that are commonly used in our media, albeit seldom explained and more rarely understood. I think this book can also be used as a reference for historical trends. Bravo, Mr. Schannep. I hope the talking heads read your book so they too will understand what it is they are reporting.
One of the "Year's Top Investment Books" -Updates and vastly improves the twentieth century's most famous trading strategy. Must reading for serious investors, market timers, technical analysts, and market professionals.
Pre-Eminent Dow Theorist Finally Writes a Book! - I have been a fan of Mr. Schannep's newsletter for a few years now, and his writings reflect a deep thinker with a lot of experience. I appreciate having an entire book dedicated to the application of a well-established theory to what is going on in the markets today. I need this book NOW more than ever.
"Dow Theory for the 21st Century offers individual investors a clear and practical approach to the big-trend (bull market-bear market) paradigm for long-term investing outperformance".
"Just received your book from Amazon last Friday, and spend a good part of a rainy weekend in Manila reading it. Fantastic job, great read, and marvelous to have all that material available in one place. Thank you."
Now THAT'S What I'm Talking About!!! - Jack Schannep has nailed it! He has wisely used his many years of experience to educate investors on market principles so that we don't have to watch TV every day or listen to the radio on the weekend for the latest and hottest. This is truly a gem that every investor should have in their office library!
Excellent! A Must Read for Stock Market Investors - I have been in the investment management business for over 20 years and work for a major global wealth management firm. In my opinion, Dow Theory for the 21st Century is the single best investment book I have ever read. It contains practical data and studies that when applied may significantly improve your investment results.
Solid Advice and Perspective - Jack Schannep has distilled years of experience and a balanced perspective in this necessary update of the Dow Theory. I really appreciate his historical perspective. He certainly shows that the Dow Theory has relevance for today's investor. After all, the two major indexes for that theory, the Dow Jones Industrials and the Transportation Index really reflect what's going on in our economy.
Seasoned Advice, Surprisingly Accessible - Jack Schannep's Dow Theory for the 21st Century was recommended to me by a seasoned, serious investor who has for a long time followed the research and advice of the author. My initial reluctance to purchase the book was based on the fact I am not a seasoned investor and assumed I would not be able to fully grasp the information. Schannep has produced a book for serious, long term investing that is surprisingly accessible even to those fairly new to investing, and perhaps unfamiliar with Dow Theory. The research is extensive, to the point and backed up with documentation and history. This is not a book for those wishing to day trade their way to wealth overnight; it is however a valuable resource for those looking to maximize long term returns.
There has been renewed interest in the Dow Theory since Jack Schannep presented his research to the Market Technicians Association that showed Dow Theory produced an excess return of 1.5% per year (from 1953 thru 2011) versus a buy and hold strategy. His presentation attracted a whole new generation of Dow Theory enthusiasts. Read the article HERE.