V.13:4 (173): SIDEBAR: The long wave

Sidebar: The long wave

According to Charles Kirkpatrick's award-winning "Charles Dow looks at the long wave," there is a fourth wave or a cycle of a longer-term nature beyond the "three well-defined movements," as Charles H. Dow himself referred to in January 1902 in a Wall Street Journal editorial. In that article, Dow outlined his theory following an earlier article depicting stock market movements as comparable to ocean waves during a tidal cycle.

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