viii
BOOK III
HOW TO DETERMINE THE POSITION OF
STOCKS
XVI. POSITION OF GROUPS OF STOCKS 88
XVII. GENERAL TREND OF THE MARKET 90
XVIII. HOW TO TELL THE STOCKS IN STRONGEST
POSITION 93
XIX. HOW TO TELL WHEN STOCKS ARE IN WEAK
POSITION 99
XX. JUDGING FINAL TOPS AND BOTTOMS 103
XXI. NUMBER OF TIMES A STOCK FLUCTUATES
OVER THE SAME RANGE 114
XXII. CROSSING OLD LEVELS 117
XXIII. TOPS AND BOTTOMS ON RAILROAD STOCKS 127
XXIV. BOTTOMS AND TOPS ON INDUSTRIAL STOCKS 135
XXV. ACCUMULATION OF LOW-PRICED STOCKS 143
XXVI. HOW TO WATCH INVESTMENTS 146
BOOK IV
COMMODITIES
XXVII. HOW TO TRADE IN COTTON 152
XXVIII. PROPER WAY TO READ THE COTTON TAPE 158
XXIX. HOW TO DETERMINE A CHANGE IN TREND 165
XXX. THE BOLL WEEVIL 168
XXXI. WHEAT AND CORN TRADING 170
XXXII. JUDGING ACCUMULATION AND DISTRIBUTION
ZONES 173
SELECTING A BROKER 185
CHARTS
1. Dow-Jones’ Averages: Yearly High and Low 66
20 Industrial Stocks: 1896-1922.
20 Railroad Stocks: 1885-1922.
2. Studebaker Weekly High and Low 77
September 4, 1920, to January 6, 1923.
3. U. S. Rubber Monthly High and Low: 1914-1922. 84
4. Continental Can Monthly High and Low: 1914-
1923 91
5. New York Central Swing Chart: 1896-1922 96
6. U. S. Industrial Alcohol Monthly High and Low:
1914-1922 100
7. U. S. Steel — 3-point Moves: October 2, 1916, to
December, 1917 105
8. American Smelting and Refining Monthly High and
Low: 1901-1908 107
9. Corn Products Monthly High and Low: 1906-1922
110-111
10. Republic Steel Monthly High and Low: 1913-1922.
118
11. Dow-Jones’ Averages — Monthly High and Low —
20 Railroad Stocks: 1896-1922 128-131
12. Dow-Jones’ Averages — Monthly High and Low —
20 Industrial Stocks: 1897-1922 136-139
13. October Cotton Weekly High and Low: November,
1919, to January, 1923 160-161
14. May Wheat Monthly High and Low: 1895-1922
174-176
15. May Wheat Swing Chart: 1895-1922 178
16a. May Wheat Weekly High and Low: April 16,
1921, to January 6, 1923 182
16b. May Daily Wheat High and Low: December 13
to 29, 1922 182