Bob Farrell Told Me
CMT Association, Inc.
Advancing the discipline of technical analysis for nearly 50 years
I had the privilege of speaking with the legendary?Robert Farrell?at the CMT Association’s Midwinter Retreat in Tampa. He recommended I read a book called One-Way Pockets: the book of books on Wall Street speculation. Published in 1917, it was written by Don Guyon, the fictitious name of a man working in a brokerage house during the?War Bride?bull market of 1915. It is my hope to relay some timeless market wisdom, study some market history, and share a book recommendation from our first president.
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History & Background
The year is 1915. Electricity, the internal combustion engine, running water in our homes, and the desire for city life over rural life are all changing the way we live. US equities have been in a secular trading range since 1900. We are in the midst of the?War Bride bull market following the start of World War 1. See chart 1...
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