business law

The Dow theory is an approach to trading developed byCharles H. Dowwho, with Edward Jones and Charles Bergstresser, founded Dow Jones & Company, Inc. and developed the Dow Jones Industrial Average in 1896. Dow fleshed out the theory in a series of editorials in theWall Street Journal, which he co-founded.1

Charles Dow died in 1902, and due to his death, he never published his complete theory on the markets, but several followers and associates have published works that have expanded on the editorials. Some of the most important contributions to Dow theory include the following:

• William P. Hamilton's "The Stock Market Barometer" (1922)
• Robert Rhea's "The Dow Theory" (1932)
• E. George Schaefer's "How I Helped More Than 10,000 Investors To Profit In Stocks" (1960)
• Richard Russell's "The Dow Theory Today" (1961)

Dow believed that the stock market as a whole was a reliable measure of overall business conditions within the economy and that by analyzing the overall market, one could accurately gauge those conditions and identify the direction of major market trends and the likely direction of individual stocks.

The theory has undergone further developments in its 100-plus-year history, including contributions by William Hamilton in the 1920s, Robert Rhea in the 1930s, and E. George Shaefer and Richard Russell in the 1960s. Aspects of the theory have lost ground, for example, its emphasis on the transportation sectoror railroads, in its original formbut Dow's approach still forms the core of moderntechnical analysis.

1. Which of the following laws of motion is related to inertia?

2. Which law of Newton helps in finding the force on a body? 3. Which law of Newton helps in finding the reaction forces on a body?

4. The second law of motion, in mathematical form can be written as ?

5. When we walk on a boat in still water, the boat will ?

6. Which is not an example of the third law of motion?

7. Which is the correct formulation for the second law of motion?