45 Years in Wall Street: A Review of the 1937 Panic and 1942 Panic, 1946 Bull Market with New Time Rules and Percentage Rules with Charts for Determining the Trend on Stocks
15.24 $
🎯Core Concepts:
- Time & Cycle Studies
- Geometry & Charting
- Proportions & Levels
45 Years in Wall Street is one of W.D. Gann’s most practical and influential works, offering traders a detailed record of his decades of market experience. Written in 1949 after more than four decades of active trading, this book combines historical analysis, trading rules, and personal insights into a comprehensive manual for investors and speculators.
Gann outlines the lessons he learned from bull and bear markets, major crashes, and long-term cycles, providing timeless principles that remain relevant in today’s markets. He explains the importance of understanding time cycles, geometric angles, price levels, and market psychology, and how they interact to forecast future movements.
The book is packed with specific rules and methods—including Gann’s famous swing chart techniques, trendline analysis, and percentage retracements—designed to help traders identify turning points and manage risk. In addition, Gann presents long-term forecasts that illustrate his application of the Law of Vibration and natural cycles to market timing.
For traders, analysts, and historians, 45 Years in Wall Street is both a practical trading guide and a historical record from one of the greatest market forecasters of all time. It remains a cornerstone text for anyone serious about mastering Gann’s methods.
✅ What You’ll Learn
- The key trading lessons from W.D. Gann’s 45 years of market experience.
- How to apply swing charts, trendlines, and retracement techniques.
- Insights into market psychology and how human nature drives cycles.
- The role of time cycles and natural law in forecasting future price movements.
- Gann’s rules for trading bull and bear markets.
- Practical strategies for risk management and disciplined trading.
- Long-term forecasts based on Gann’s Law of Vibration and cycle analysis.
By studying this classic, traders gain both practical tools and a historical perspective, learning directly from one of the most influential figures in market forecasting.
Gann’s Note:
In 1910 at the request of friends I wrote a small booklet entitled “Speculation a Profitable Profession.” In this booklet I gave the rules that helped me to make a success in my personal trading.
January, 1923, I wrote, “Truth of the Stock Tape” to help those who were trying to help themselves in speculation and investment trading. This book was favorably received by the public and many proclaimed it my Masterpiece. The book fulfilled its mission as evidenced by letters from grateful readers. After predicting the great panic in 1929 there was a call for a new book to bring ”Truth of the Stock Tape” up to date. I answered that call in the early part of 1930 by writing “Wall Street Stock Selector” giving my readers the benefit of practical experience in which I developed new rules since 1923. In “Wall Street Stock Selector” I predicted the “Investors Panic,” and said that it would be the greatest panic the world had ever known. This prediction was fulfilled by the panic which ended in July, 1932, with some stocks declining to the lowest levels they had reached for the past 40 to 50 years.
A great advance followed the 1932 panic and my rules helped many people to make substantial profits. In 1935 satisfied readers asked me to write a new book. I responded to that call by writing my third book “New Stock Trend Detector” in the latter part of 1935, giving the benefit of my experience and new and practical rules which I had discovered.
Since 1935 many changes have taken place; the market passed through the panic of 1937 which was forecast by me. The decline ended in March, 1928, and a minor Bull Market followed to November 10, 1938. The second World War started September 1,1939, and the United States entered the war in December, 1941. After we were in the war a further liquidation in stocks occurred and final lows were reached April 28, 1942, when stocks sold below the low level of .1938 at the lowest levels since 1932.
From the lows in 1942 a prolonged advance followed which continued after the end of the Japanese War in August, 1945. 1946, May 29, stocks sold at the highest level they had reached since 1929. My rules and my forecast called the top of this advance and the sharp decline which followed to October 30, 1946, when final low was reached. Fourteen years have passed since writing my last book and I have gained more knowledge through actual market operations.
The world is upset and confused; investors and traders are puzzled over the business depression and the decline in the stock market. Many have written requesting me to write a new book. With the desire to help others I have written “45 Years in Wall Street” giving the benefit of my experience and my new discoveries to aid others in these difficult times. I am now in my 72nd year; fame would do me no good. I have more income than I can spend for my needs, therefore, my only object in writing this new book is to give to others the most valuable gift possible-KNOWLEDGE! If a few find the way to make safer investments my object will have been accomplished and satisfied readers will be my reward.
W. D. GANN. (July 2,1949)
Table of Contents:
- Is It More Difficult to Make Profits Now Than Before 1932?
- Why You Have Lost Money in Stocks and How to Make it Back
- Rules for Trading in Stocks
- 24 Never Failing Rules
- How to Select Independent Movers
- Buying one Stock and Selling Another Short
- Percentage of High and Low Prices
- Market Action Proves the Rules
- Present Position of Dow Jones 30 Industrial Averages
- Let the Market Tell its own Story
- Time Periods of Short Duration Correct Prices
- Liquidation after a Long Decline and a Short Rally in a Bear Market
- Final Liquidation in Great Bear Market
- Secondary Decline after September 8 High
- Secondary Rally
- Sharp Corrective Declines
- Final High in the Bull Market
- Secondary Rally in Bear Market
- Final Liquidation in the Bear Market
- End of Short Bull Market
- Sharp Decline and Clean Out
- War Moves
- Final Lows End of Bear Market
- Final Tops End of Bull Market
- Secondary Decline
- After Election. Sharp Quick Declines
- Time Periods for Important Swings on the Averages
- Dow Jones 30 Industrial Averages 3.Day Chart Moves
- 9-Point Swings Dow Jones 30 Industrial Averages
- 30-Point Moves
- Months when Extreme Highs and Lows were Recorded
- Monthly High and Low Prices Each Year
- Dow Jones 30 Industrial Averages Time Swings
- June Lows Comparison for Future Highs
- Anniversary Dates
- Important News Events
- Resistance Levels 128-130
- Resistance Levels 193-196
- Resistance Levels 158-163
- Volume of Stock Sales on New York Stock Exchange
- 15 Public Utility Averages
- Barron’s Air Transport Averages
- Stocks with Small Number of Shares
- Puts, Calls, Rights and Warrants on Stocks
- New Discoveries and Inventions
- Atomic Power
- Great Market Operators of the. Past
- Stocks Liquidated
- Can United States Afford Another War?
- The Government Cannot Prevent a Depression
- What Will Cause the Next Depression or Panic?
- Great Panic Coming-Future Trend of Stocks
- Outlook for 1950
- Preview of 1951-53
45 Years in Wall Street: A Review of the 1937 Panic and 1942 Panic, 1946 Bull Market with New Time Rules and Percentage Rules with Charts for Determining the Trend on Stocks By William Delbert Gann
Author |
William D. Gann |
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Pages |
169 |
File Types |
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