Judge — February 1933 — page 29: what you’re looking at

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

YN For What Are You Waiting? New Philosophy of Investment and Trading Points Way to Capital EOPLE who ure making financial head- I way have adopted a new philosophy of vestment and trading—a plan that itly points the way to. protection and ywth, They have quit hoping to recover ses by following the same rule-of-thumb thod that proved such costly, half-truc Jes, They have discarded the theory that the t policy is to “buy and hold”—they know t they overlook valuable profit oppor- f they “wait for the turn,” without having any means of recognizing “the tur nities But it is not to THE turn that sound in- cstors and successful traders look for pro- tion and profits. Knowing that “if you right in the short swings you are bound be right in the long pull” they look to TURNS. Capital CAN Be Made to Grow—Today By adopting a flexible, open-minded in- vestment and trading policy it is possible to make money today. For, as in business, tumover is the first principle of sound in- vestment. A series of small profits through * capitalizing short swings—when they are ailable—involves far less risk than w. 4 for the profit that may come from a all” investment. “long: The question then arises, how is one to KNOW when to take advantage of such turn? But the question really is incom. The problem actually requires for its solution a practical knowledge of WHEN to buy—and sell, WHICH securities and at WHAT price. In the h of obtaining such vital knowl- investors for years turned to statistics. ent events, however, have proved that taw statistics are mere records and do not foretell market action. What set of figures n you choose that will forecast a turn in the market? Or, to what sct of figures can you point that’ definitely foretold even one portant market turn in the last three years? The answer is that there are other factors at govern the market price of securities. Price movements, it now is recognized, are governed by forces within the market itself. Only through the correct interpretation of the effect of these forces can price movements be toretold with any degree of accuracy. This new philosophy of investment and trading points the way to security and Capital appreciation in the present market. Through it capital is being made to grow— today. By A. W. WETSEL THE WETSEL RECORD WETSEL TECHNICAL FAC- TORS, developed through years of intimate market study, foretold: —the October, 1929, break in September—and again on Octo- ber 7 of that year. —the rising market that fol- lowed the break and at what prices to get out on that rally. —the break of April, 1931, pre- ceding which time Mr. Wetsel dictated his memorable telegram, “Market absolutely hopeless — sell all trading and investment holdings.” —the rising market of last sum- mer. Two days before that rise began, Wetsel clients were ad- vised to cover short positions. On July 9 advice was issued to buy on a broad scale. —again, on November 3, when the market was dormant with pre-election inactivity, pur- chases on a broad scale were ad- vised in order to take advantage of the post-election rise—which occurred. A Sound Method of Getting Ahead Financially A. W. Wetsel Advisory Service, Inc., ac- cepting this philosophy as the only sound method of protecting and building capital, is engaged in correlating and interpreting the market forces that govern security prices and their turns. The above citations,* taken from the Wetsel record, are given because the dates and what they signify are so well known. These major swings, however, also emphasize the necessity for forecasting the short swings, which in the aggregate are even more important. Through adoption of a flexible invest- ment and trading policy, and by correct in- terpretation of the short and intermediary The A.W’, Wretsel Advisory Ser- vice, Inc, is an organization 4 founded to give investors an 4 absolutely disinterested and in- dependent investment manage. * -ment service. Ut has no securities“ aiicte for sale, nor any connection with © TCS any other organization whatever. 1 It accepts no orders to buy 6 securities. on commission or 4 otherwise. In short, its interests 4 are identical with those of is 4 clients—so safeguard capitaland 4 foster its growth through able, management, . Na City Address Protection and Profits in Present Market swings, true conservatism is obtained, securi- ties safeguarded and growth fostered. ‘To you who have been losing valuable opportuni waiting for another prolonged bull market, this new philosophy supplies a plan for shortening the time when you may recoup your losses—enables you to formulate a r tirement plan of your own, without an limita pean OL getting ahead financially. Look to 1933 With Confidence As the New Year gets under way the mar- ket, in all probability, wi!l pass into a new stage which will, we believe, lead to a period of selectivity wherein individual issues will reflect. their individual technical _ positions. For the last three years the question of WHEN to buy and sell was of paramount importance. But in a period of selectivity a knowledge of WHICH securities becomes equally necessary. Such a market affords excellent oppor: tunities for the informed investor to fortify his position and increase his capital. With knowledge of the laws that govern market movements and correct application of tech- nical market factors, you can look to 1933 with confidence. Send for This Free Folder This new philosophy of investment and trading is outlined more fully in a remarkable article by a staff-member of this organization. Exposing the dangers of following popular investment fallacies and half-truths (devel- oped in boom times), it deals fearlessly and specifically from the technical viewpoint with such puzzling questions as: which securities to deal in; when to buy and sell; the secret of forecasting trends; which are forecasting factors, and other vital problems affecting true conservatism and capital growth, Send for this free folder—see for yourself HOW this new philosophy protects and builds up capital. Mail the coupon now. A. W. Wetsel Advisory Service, Inc. Investme Chrysler Building Counsellors New York Porc creer rene nee eee A. W. Wetsel Advisory Service, Inc. Chrysler Building, New York Please send me, without obligation, your analytical “How to Protect Your Capital and Accelerate Its Growth . . . Through Trading.” J3 comicbooks.com