Newsletter

Combining the time-tested principles of Charles Dow’s Traditional Dow Theory with the 60+ years of research and real-life experience, Manuel Blay publishes TheDowTheory.com Newsletter with a commitment to providing our subscribers with effective, profitable market timing wisdom in a timely manner.

Our Newsletter is about much more than just the Dow Theory, incorporating other important fundamental, economic and historic perspective to the technical Indicators interpreted in our Letter.

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Critical Juncture for Gold and Silver miners: Bear Market Signal One Step Away

Critical Juncture for Gold and Silver miners: Bear Market Signal One Step Away

In the meantime, the primary trend is still bullish, but it could change soon Overview: GDX and SIL underwent a…
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The Four Industrial Revolutions: Why AI Changes Market Timing Forever

The Four Industrial Revolutions: Why AI Changes Market Timing Forever

AI makes market timing more necessary than ever. By George Morton, Ph.D The stock market has always reflected the underlying…
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Not Yet

Not Yet

“I’m not predicting; I’m reacting.” Marty Schwartz.     PRINT Audio version Overview: February was a mixed bag. The S&P500…
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A Good Start

A Good Start

“Trend followers believe that price is reality.” Charles Faulkner.     PRINT Audio version Overview: January got off to a…
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Strategic Market Timing for Luxury Superyacht Construction

Strategic Market Timing for Luxury Superyacht Construction

Super Yacht Builders' Guide to Counter-Cyclical Growth By George Morton, PhD, January 2026 Executive Summary Dow Theorist Hamilton, in his…
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A Mitigated Bull

A Mitigated Bull

“It can be very expensive to try to convince the markets you are right.” Ed Seykota.     PRINT Audio…
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Bull market for the gold and silver miners ETFs (GDX & SIL) confirmed on 12/11/25

Bull market for the gold and silver miners ETFs (GDX & SIL) confirmed on 12/11/25

The melt up for precious metals continues Overview: What was just a secondary reaction against the bullish trend turned out…
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In Thrust I Trust

In Thrust I Trust

“You just need the discipline to stop trading your ego and start trading the trend.” Kamran. A.      …
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The Principle of Confirmation Can Save Your Skin (V) / Example 5: Bitcoin’s breakup that was a bull trap

The Principle of Confirmation Can Save Your Skin (V) / Example 5: Bitcoin’s breakup that was a bull trap

Applying the Confirmation Principle to Bitcoin In four earlier analyses (HERE, HERE, HERE , and HERE ), I showed how…
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