ANALYSIS-Dow Theory still valid despite calls for overhaul

Newswire

By Deepa Seetharaman NEW YORK, Feb 25 (Reuters) - As criticism mounts to make over the Dow Jones Industrial Average , the godfather of one of the oldest stock forecasting methods known as Dow Theory sees few pressing reasons for upending its lineup. Debate about how well the Dow industrials reflect the broader economy, and therefore the worth of Dow Theory, has swelled in recent months. Critics argue that an overhaul of the price-weighted index is needed now that five of the Dow's 30 ...

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