Reprinted From
Journal of Commerce
Philadelphia, Saturday, January 15, 1921
A brighter outlook for the stock market and general business conditions.
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…