Judge — November 1932 — page 27: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

Three Important Predictions By A. W. WETSEL —and the third may prove to be the greatest of all September 2nd, 1929, A. W. Wetsel clearly pointed out that the upward movement of stock prices was exhausting itself and the next major movement would be down—precipi- tately down. It was not a popular pre- diction and for some weeks there were many scoffers, After the first drastic break of early October the scoffers dis- appeared but there were a few skeptics left. It might have been a lucky guess. Others asking for advice immediately fter this break were told there would be a substantial rally and were also told what prices to get out on that rally. It occurred and they got their prices. It then began to dawn on many people that there was something more than guesswork in connection with a Wetsel prediction, But at any rate that was important prediction No. 1. Following that, Mr. Wetsel confined himself to his own clientele and from technical analysis repeatedly pointed out turn after turn of short and inter- mediary duration, Then came April 15, 1931. Probably this was in many pects the most critical point in the entire bear market. The early months of the year had witnessed an upswing which extended to business and com- modities and had inspired economists, business men and many others with the belief that TTHEN was the time to buy—and many did buy. After a few weeks of receding prices a hardening period set in lasting for 11 days and further confirmed confidence in many to buy. Mr. Wetsel then dictated a special telegram reading “Market absolutely hopeless—sell all trading and investment holding: And this prediction was not popu- larly received—but it proved to be important prediction No, 2. Prediction No. 3 W. Wetsel Now, on July 7 the A Advisory Service covered its last “short” position. On July 9th we began to buy stocks on a broad scale. Mr. Wetsel stated that a turn was imminent and furthermore stated ex- actly what the nature of the upturn would be—namely: (1) that the turn would take place suddenly, (2) that the market, in terms of published averages, would not spend much time around the low point, (3) t prices would advance persistently—if not sharply, (4) that practically all stocks would share in the recovery, (5) that second and third rate iss would appreciate proportionately more than high grade stocks, and (6) that securi- ties would advance substantially be- fore business actually improved . .. that business could not and would not improve until securities advanced. Why This Record Is Given This record is here given to show that there is a great deal more known about WHEN to buy and WHEN to sell than is generally supposed. But the importance of this knowl- edge lies, not in picking out high spots, as in the case of the above three out- standing predictions—but in being able to forecast short and intermediary pric movements with consistent accuracy. It is only through such knowledge that investors can abandon weak and ineffec- tive policies which have caused them losses and enable them to turn with con- fidence to a flexible or scientific trading policy as a solution to their problems. What Was NOT Predicted It is important therefore to carefully discriminate between what Mr. Wetsel i i d what he did NOT pre- He did predict the down turn of 1929 and its nature. He did NOT predict a three year bear market. He did predict the turn from July 9, 1932, and foretold its character accurately. This enabled clients to obtain full ad- vantage of the upturn and of the more important reactions. He did not predict that this would mark the be- ginning of a sustained bull market. Such long term predictions, in our opinion, are utterly impossible to make and, what is more to the point, they Note: Mr. A. W. Wetsel and ‘exser members of his staff re- signed from and severed all connection with the Wetsel Market Bureau, Ine. established a new organi: which has afforded i the continuation of Mr. Wetsel's Investment and trading serv- ices. The A. W, Wetsel Ad- visory Service is an org: tion standing for indepen investment cou: urities for sa connection with any other or- &anization whatever. 25 Send me, Harmon, : Accelerate Its Growth—Through Trading.” ! Name are unnecessary. If one adopts a flexil trading policy and is consistently corre on the short and intermediary sw the Long Pull takes care of itself. True Conservatism Achieved by Action In this and in no other way can rapid recovery of capital be obtained, and real protection be assured. In more ways than one the informed trader is simply the most conservative of in- vestors—he achieves conservatism by action instead of inaction. This intel- ligent way of regarding the business of investing is dealt with clearly and courageously in an article by a mem- ber of the staff of the A, W. Wetsel Advisory Service entitled—“How to Protect Your Capital and Accelerate Its Growth—Through Trading.” It has probably done more to help peo- ple divest their minds of the fallacies and half truths which are really responsible for their losses—and to give them a working grasp of the positive philosophy which makes for success in investing than any piece of writing that we know of. Methods That Protect and Produce Results This article shows that you need not wait to enjoy the benefits of correct in- vestment management—it shows why you need not fear further market de- clines or even possible failures on the part of corporations—but on the con- trary how you can put these methods to work for your protection and gain— at once. Fill in the blank below and we will send vou “How to Protect Your Capi- tal and Accelerate Its Growth— Through Trading” without obligation. On October 22, 1931, wee ee ee A. W. Wetsel Advisory Service, Inc. 1546 Chrysler Building New York, N.Y. without “How to article by E. B. Your Capital and obligation, Protect comicbooks.com