"THE FIRST STEP IN ANY STOCK MARKET PROGRAM SHOULD BE TO MAKE AN INDEPENDENT FORECAST OF THE ENTIRE MARKET": FIRST EDITION OF DUNNIGAN’S PRACTICAL STOCK MARKET FORECASTING, 1931
DUNNIGAN, William. Practical Stock Market Forecasting. Boston: Financial Publishing, (1931). Octavo, original green cloth. $900.
First edition of Dunning's important early work, developing practical approaches to forecasting barometers, with nine folding charts and three folding tables, in original cloth.
Stock market analyst Dunnigan spent much of his life considering the best way to use charts in order to crack the science of investing. His dream was to develop a fully mechanical trading system whereby one could simply identify certain buy and sell signals in order to guarantee profitable trading. "A follower of the Dow theory, Dunnigan originally created a breakaway system of trading stocks and commodities." He is best known for developing the stock trading system known as the "Thrust Method," which looks at the "use of percentage measurements with the interpretation of chart patterns" (Kaufman, Trading Systems). This early work, Practical Stock Market Forecasting, reveals some of the first stages of his research, when Dunnigan was more firmly engaged with the human component of trading and dedicated to sharing his knowledge with investors about how to buy and sell through developing an understanding of trends and forecasting. "First edition" on copyright page with no printings listed. With 12 folding charts. Bookseller ticket.
Interior fine, light soiling to original cloth. A near-fine copy.