A
BRIGHTER OUTLOOK FOR THE STOCK MARKET AND GENERAL BUSINESS
CONDITIONS
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W. D. Gann
REPRINTED FROM
JOURNAL OF COMMERCE,
PHILADELPHIA, SATURDAY, JANUARY 15, 1921
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W. D. Gann, who is regarded as an authority
on predictions as to the rise and fall of securities, sees
better times ahead this year for the investing public.
The closing months or days of the year 1920
became notes for the general depression of securities listed
on stock exchanges. Complaints were heard over the dull market
and stocks that hit lower levels than they had in many a day
during past years. The result was that very little was done in
the way of investments and business in general comparatively
“dead” as the term goes in the financial world. Few
investments were made and although the real opportunity for
buying was at hand, when the stocks were down to rock bottom
prices the public as a rule did not take advantage of this
opportunity and hence pessimism was the talk of the day.
However, the tide seems now to be turning
and the indications are that better times are ahead. Some may
hazard this option on a mere guess while others base their
optimistic predictions on past performances and on inevitable
laws that govern the fluctuations of the stock market. Among
the latter class of forecasters of financial events can be
mentioned Mr. W. D. Gann, editor of the Supply and Demand
Letter and senior member of the firm of W. D. Gann & Company,
stock brokers, with offices at 18 Broadway, New York City. Mr.
Gann has given technical advice and guidance for investors
during the past twenty years and he is regarded as one of the
best authorities in the country on predicting the trend of the
market and the rise and fall of securities.
It is a well-known fact that fortunes are
made and lost by those who trade in the securities listed on
our various stock exchanges. However, some are more fortunate
than others and those who generally are successful are those
who let expert guidance determine what stocks to sell or buy
and when to do so. Business conditions and trade in general,
both domestic and foreign, determine to a great extent what
may be expected in the financial market. And a person who has
made a serious and careful study of the causes of stock
fluctuations is in a position to know where possible losses
and profits may take place.
Mr. Gann has made noteworthy
prognostications of the markets, which proved to be true in
course of time… In 1909 his ‘record in speculation created a
sensation. The “Ticker Magazine” and many newspapers
throughout the country commented on his accurate forecasts and
trading record. And since that year his predictions on the
movements of stocks have been just as remarkable. He
sends out forecasts twelve months in advance and at the
beginning of 1919 he predicted the bull market that year and
the big decline in November of the same year. He foretold the
advance in stocks last April and the severe decline in
November and December last year. On the general run of stocks
for last year, all his predictions, which were made at the
beginning of 1920, came true. He spoke with emphasis of the
declining market, which could be expected at the end of last
year. Happenings proved that his predictions were correct.
During an interview with the correspondent of the Journal
of Commerce the other day Mr. Gann said that brighter times
are ahead for stock market operators this year. There will be
a gradual rise in stocks the present winter months and the
beginning of the Harding administration will mark a notable
rise in securities. Investments in securities will be quite
active throughout the year. Mr. Gann finds that business
conditions in general will improve this year and the old-time
confidence will be restored to the investing public.
This gentleman has made some important predictions in his
day. He foretold about nine months in advance the exact day of
the Kaiser's abdication and the end of the World War. Mr. Gann
also predicted the elections of both President Wilson and that
of Harding. He has forecasted events in the lives of persons
who are prominent in political and business affairs of this
nation, and these men testify to the accuracy of Mr. Gann's
predictions. He showed the writer numerous letters from men
high in the army and navy. State executives, banking
officials, well known clergymen, and hosts of others whose
signatures to letters mean that the truth has been spoken.
They are all men whose position and standing could not afford
them to write or say anything unless they knew the true facts
about which they were writing. This is a great credit to Mr.
Gann and it proves that he knows whereof he speaks.
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