Since the work deals with a technical subject and the scope of it can’t be understood by a casual reader, a few words by way of introduction may be necessary. It is intended for investors and traders in the various kinds of commodities. It reveals the more scientific part of the subject and shows the mathematical base underlying the lucky hits to which many of our chart readers have undisputed claim. All that is essential to the art of scientifically detecting direction and distance of swings is included in the general scope of this work. The average trader and investor don’t know much about this field. Attempts have been made to partially reveal more remote truths behind stock and commodity movements, but their explanations become so involved that it is wise to train our thoughts along simple lines at the present time. Market operations can be achieved only through serious study of the various phases and underlying laws of Nature. No point was left untouched that would help in grasping the laws of motion. January 2, 1937

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