Studies in Tape Reading.

The first work on tape reading, and arguably the earliest and most important work on market dynamics in general. Published by the leading proponent of technical analysis, Richard Wyckoff (1873-1934), under the pseudonym 'Rollo Tape'. The book proposed that the 'market momentarily indicates its own future' on the ticker tape used to communicate key information such as price, volume, and size to brokerage firms. 'One cannot become a Tape Reader by giving the ticker absent treatment; nor by running into his broker's office after lunch, or seeing "how the market closed" from his evening newspaper. He should spend twenty-seven hours a week at the ticker, and many more hours away from it studying his mistakes and finding the "why" of his losses' (pp.8-9). This primer on the basic laws of the market remains a cornerstone of technical analysis and an invaluable resource for the broker or serious individual trader. Scarce. OCLC records 9 copies of the 1919 edition in institutional holdings, all in the USA. Third edition ('Latest Edition'); 12mo (17 x 12 cm); publisher's limp blue cloth, lettered in gilt to upper cover, front joint partly cracked but holding, faint staining to upper margin of first ff.; 177, [1]pp. cf.Dennistoun 422; Zerden p.16.…