Richard Russell (Dow Theory)
Encyclopedia
Richard Russell is a writer on finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

. He began publishing a newsletter called the Dow Theory Letters in 1958. The Letters cover his views on the stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...

 and the precious metal
Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...

 markets. In addition he frequently shares episodes in his life and thoughts about the world as he sees it, following the stock market since the 1950s.

Russell started his career in finance through a series of articles in Barrons newspaper. He published a book named The Dow Theory Today in 1958, summing up his view of the Dow Theory
Dow Theory
The Dow theory on stock price movement is a form of technical analysis that includes some aspects of sector rotation. The theory was derived from 255 Wall Street Journal editorials written by Charles H. Dow , journalist, founder and first editor of the Wall Street Journal and co-founder of Dow...

. Russell has also been cited by Bob Prechter using the Elliott wave principle
Elliott wave principle
The Elliott Wave Principle is a form of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors...

.
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