This page is dedicated to the literature, research papers and other reference materials related to the field of
Momentum Investing.

Literature

  • Antonacci, G. (2015) Dual momentum investing: An innovative strategy for higher returns with Lower Risk. New York: McGraw-Hill Education.

  • Berkin, A.L., Swedroe, L.E. and Asness, C.S. (2016) Your complete guide to factor-based investing. St. Louis, MO: BAM ALLIANCE Press.

  • Callahan, C. (2022) Unloved bull markets: Getting rich the easy way by Riding Bull Markets. Newark: John Wiley & Sons, Incorporated.

  • Clenow, A.F. (2015) Stocks on the move: Beating the market with hedge fund Momentum Strategies. Createspace Independent.

  • Crosby, D. (2018) The Behavioral investor. Petersfield, Hampshire, UK: Harriman House.

  • Gray, W.R. and Vogel, J.R. (2016) Quantitative momentum: A practitioner's guide to building a momentum-based stock selection system. Hoboken, NJ: WILEY.

Research papers

  • Agyei-Ampomah, Sam (2007) “The Post-cost Profitability of Momentum Trading Strategies: Further Evidence from the UK”, European Financial Management 13(4): 776-802.

  • Akemann, C.A. and Keller, W.E. (1977) “Relative strength does persist!,” The Journal of Portfolio Management, 4(1), pp. 38–45. Available at: https://doi.org/10.3905/jpm.1977.408622.

  • Antonacci, G. (2012) “Risk premia harvesting through momentum,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2042750.

  • Antonacci, G. (2011) “Optimal momentum: A Global Cross Asset Approach,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.1833722.

  • Antoniou, A. and Koutmos, G. (2004) “Momentum trading: Evidence from futures markets,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.497522.

  • Ap Gwilym, O. et al. (2010) “Price and momentum as robust tactical approaches to global equity investing,” The Journal of Investing, 19(3), pp. 80–91. Available at: https://doi.org/10.3905/joi.2010.19.3.080.

  • Asness, C. (2011) “Momentum in Japan: The Exception that Proves the Rule,” The Journal of Portfolio Management, p. 110629003308001. Available at: https://doi.org/10.3905/jpm.2011.2011.1.014.

  • Asness, C.S. (1997) “The interaction of value and momentum strategies,” Financial Analysts Journal, 53(2), pp. 29–36. Available at: https://doi.org/10.2469/faj.v53.n2.2069.

  • Asness, C.S. et al. (2014) “Fact, fiction and momentum investing,” Journal of Portfolio Management, 40(5), pp. 75–92. Available at: https://doi.org/10.2139/ssrn.2435323.

  • Asness, C.S., Liew, J.M. and Stevens, R.L. (1997) “Parallels between the cross-sectional predictability of stock and country returns,” The Journal of Portfolio Management, 23(3), pp. 79–87. Available at: https://doi.org/10.3905/jpm.1997.409606.

  • Asness, C.S., Moskowitz, T.J. and Pedersen, L.H. (2013) “Value and momentum everywhere,” The Journal of Finance, 68(3), pp. 929–985.

  • Baltas, A.-N. and Kosowski, R. (2012) “Improving time-series momentum strategies: The role of trading signals and volatility estimators,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2140091.

  • Baltas, A.-N. and Kosowski, R. (2012) “Momentum Strategies in futures markets and trend-following funds,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.1968996.

  • Baltzer, M., Jank, S. and Smajlbegovic, E. (2015) “Who trades on momentum?,” Bundesbank Discussion Paper [Preprint]. Available at: https://doi.org/10.2139/ssrn.2517462.

  • Barberis, N. and Thaler, R. (2002) “A survey of Behavioral Finance.” Available at: https://doi.org/10.3386/w9222.

  • Barroso, P. and Santa-Clara, P. (2015) “Momentum has its moments,” Journal of Financial Economics, 116(1), pp. 111–120. Available at: https://doi.org/10.1016/j.jfineco.2014.11.010.

  • Barth, F., Scholz, H. and Stegmeier, M. (2017) “Momentum in the European Corporate Bond Market: the role of bond-specific returns,” The Journal of Fixed Income, 27(3), pp. 54–70. Available at: https://doi.org/10.3905/jfi.2018.27.3.054.

  • Beekhuizen, P. and Hallerbach, W.G. (2015) “Uncovering trend rules,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2604942.

  • Beracha, E. and Skiba, H. (2009) “Momentum in residential real estate,” The Journal of Real Estate Finance and Economics, 43(3), pp. 299–320. Available at: https://doi.org/10.1007/s11146-009-9210-2.

  • Bhojraj, S. and Swaminathan, B. (2006) “Macromomentum: Returns predictability in international equity indices*,” The Journal of Business, 79(1), pp. 429–451. Available at: https://doi.org/10.1086/497416.

  • Birru, J. (2015) “Confusion of confusions: A test of the disposition effect and momentum,” The Review of Financial Studies, 28(7), pp. 1849–1873. Available at: https://doi.org/10.1093/rfs/hhv007.

  • Blitz, D., Huij, J. and Martens, M. (2009) “Residual momentum,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2319861.

  • Blitz, D.C. and Van Vliet, P. (2008) “Global Tactical Cross-Asset Allocation: Applying Value and Momentum Across Asset Classes,” The Journal of Portfolio Management, 35(1), pp. 23–38. Available at: https://doi.org/10.3905/jpm.2008.35.1.23.

  • Bohan, J. (1981) “Relative strength: Further Positive Evidence,” The Journal of Portfolio Management, 8(1), pp. 36–39. Available at: https://doi.org/10.3905/jpm.1981.408831.

  • Bruder, B. et al. (2011) “Trend filtering methods for momentum strategies,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2289097.

  • Brush, J.S. and Boles, K.E. (1983) “The Predictive Power in Relative Strength & CAPM,” The Journal of Portfolio Management, 9(4), pp. 20–23. Available at: https://doi.org/10.3905/jpm.1983.20.

  • Carhart, M.M. (1997) “On Persistence in Mutual Fund Performance,” Journal of Finance, 52(1), pp. 57–82.

  • Carlson, B. (2015) “Why Momentum Investing Works,” A Wealth of Common Sense, 7 July. Available at: https://awealthofcommonsense.com/2015/07/why-momentum-investing-works/ (Accessed: December 10, 2022).

  • Chabot, B., Ghysels, E. and Jagannathan, R. (2008) “Price momentum in stocks: Insights from Victorian Age data.” Available at: https://doi.org/10.3386/w14500.

  • Chan, Louis, Narasimhan Jegadeesh, and Josef Lakonishok (1996) “Momentum Strategies”, Journal of Finance, 51: 1681-1713.

  • Chaves, D.B. (2012) “Eureka! A momentum strategy that also works in Japan,” Research Affiliates Working Paper [Preprint]. Available at: https://doi.org/10.2139/ssrn.1982100.

  • Chaves, D.B. (2016) “Idiosyncratic Momentum: U.S. and International Evidence,” The Journal of Investing, 25(2), pp. 64–76. Available at: https://doi.org/10.3905/joi.2016.25.2.064.

  • Chen, H.-Y. et al. (2014) “Does revenue momentum drive or ride earnings or price momentum?,” Handbook of Financial Econometrics and Statistics, pp. 2217–2261. Available at: https://doi.org/10.1007/978-1-4614-7750-1_81.

  • Chen, L.-W. and Yu, H.-Y. (2013) “Investor attention, visual price pattern, and momentum investing,” 27th Australasian Finance and Banking Conference 2014 Paper [Preprint]. Available at: https://doi.org/10.2139/ssrn.2292895.

  • Chui, A.C.W., Wei, K.C. and Titman, S. (2005) “Individualism and momentum around the world,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.685767.

  • Clare, A. et al. (2014) “Size matters: Tail risk, momentum and trend following in international equity portfolios,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2520075.

  • Cowles, A. and Jones, H.E. (1937) “Some a posteriori probabilities in stock market action,” Econometrica, 5(3), p. 280. Available at: https://doi.org/10.2307/1905515.

  • Da, Z., Gurun, U.G. and Warachka, M. (2014) “Frog in the PAN: Continuous information and Momentum,” Review of Financial Studies, 27(7), pp. 2171–2218. Available at: https://doi.org/10.2139/ssrn.2370931.

  • Dennehy, B. (2021) “The History Of Momentum Investing – Two Centuries Of Pedigree,” Fund Expert, 10 September. Available at: https://www.fundexpert.co.uk/fundresearch/blogs/view,the-history-of-momentum-investing-two-centuries-of-pedigree_1803.htm (Accessed: November 2, 2022).

  • Dimson, E., Marsh, P. and Staunton, M. (2008) “108 Years of Momentum Profits,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.1102783.

  • Du, D. (2012) “Momentum and behavioral finance,” Managerial Finance, 38(4), pp. 364–379. Available at: https://doi.org/10.1108/03074351211207527.

  • Dudler, M., Gmuer, B. and Malamud, S. (2014) “Risk adjusted time series momentum,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2457647.

  • D’Souza, I. et al. (2016) “The enduring effect of time-series momentum on stock returns over nearly 100-years,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2720600.

  • Fama, E.F. and French, K.R. (2012) “Size, value, and momentum in International Stock Returns,” Journal of Financial Economics, 105(3), pp. 457–472.

  • Fama, Eugene (1998) “Market Efficiency, Long-Term Returns, and Behavioral Finance”, Journal of Financial Economics 49: 283-306.

  • Fama, Eugene F., and Kenneth R. French (2008) “Dissecting Anomalies,” The Journal of Finance 63(4), 1653–1678

  • Fisher, G.S., Shah, R. and Titman, S. (2014) “Combining value and momentum,” Journal of Investment Management [Preprint]. Available at: https://doi.org/10.2139/ssrn.2472936.

  • Frazzini, A., Israel, R. and Moskowitz, T.J. (2012) “Trading costs of asset pricing anomalies,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2294498.

  • Frazzini, Andrea (2006), “The Disposition Effect and Underreaction to News,” The Journal of Finance, 61(4), 2017–2046

  • Gartley, H.M. (1945) “Relative velocity statistics: Their application in portfolio analysis,” Financial Analysts Journal, 1(2), pp. 60–64. Available at: https://doi.org/10.2469/faj.v1.n2.60.

  • Geczy, C. and Samonov, M. (2015) “215 years of Global Multi-Asset Momentum: 1800-2014 (equities, sectors, currencies, bonds, commodities and stocks),” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2607730.

  • Geczy, C.C. and Samonov, M. (2016) “Two centuries of price-return momentum,” Financial Analysts Journal, 72(5), pp. 32–56. Available at: https://doi.org/10.2469/faj.v72.n5.1.

  • George, T.J. and Hwang, C.-Y. (2004) “The 52-week high and momentum investing,” The Journal of Finance, 59(5), pp. 2145–2176. Available at: https://doi.org/10.1111/j.1540-6261.2004.00695.x.

  • Grant, A. (2020) “Behavioural finance and Momentum,” Market Momentum, pp. 1–15. Available at: https://doi.org/10.1002/9781119599364.ch1.

  • Griffin, J.M., Ji, S. and Martin, J.S. (2001) “Momentum investing and business cycle risk: Evidence from pole to Pole,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.291225.

  • Griffin, John M., Xiuquing Ji and J. Spencer Martin (2005) “Global Momentum Strategies: A Portfolio Perspective,” The Journal of Portfolio Management, 31(2), 23–39

  • Grinblatt, Mark, and Bing Han. (2005) “Prospect Theory, Mental Accounting and Momentum,” Journal of Financial Economics, 78(2), 311–339

  • Grundy, B.D. and Martin, J.S. (2001) “Understanding the nature of the risks and the source of the rewards to momentum investing,” Review of Financial Studies, 14(1), pp. 29–78. Available at: https://doi.org/10.1093/rfs/14.1.29.

  • Gutierrez, Roberto, and Eric Kelley (2008) “The Long-Lasting Momentum in Weekly Returns”, Journal of Finance, 63(1): 415-447.

  • Hanauer, M.X. and Windmüller, S. (2023) “Enhanced momentum strategies,” Journal of Banking & Finance, 148, p. 106712. Available at: https://doi.org/10.1016/j.jbankfin.2022.106712.

  • Hanna, Douglas, and Mark Ready (2005) “Profitable Predictability in the Cross Section of Stock Returns”, Journal of Financial Economics, 78(3): 463-505.

  • Ho, H.-C. and Wang, H.-C. (2018) “Momentum lost and found in corporate bond returns,” Journal of Financial Markets, 38, pp. 60–82. Available at: https://doi.org/10.1016/j.finmar.2017.10.003.

  • Hoffstein, C. (2018) “Two Centuries of Momentum,” Flirting with Models. The Research Library of Newfound Research, 28 March. Available at: https://blog.thinknewfound.com/2018/03/two-centuries-of-momentum/ (Accessed: November 2, 2022).

  • Hon, Mark, and Ian Tonks (2003) “Momentum in the UK Stock Market”, Multinational Financial Management, 13:43- 70.

  • Hong, H. and Stein, J.C. (1999) “A unified theory of underreaction, momentum trading, and overreaction in asset markets,” The Journal of Finance, 54(6), pp. 2143–2184. Available at: https://doi.org/10.1111/0022-1082.00184.

  • Hong, Harrison, Terence Lim, and Jeremy Stein (2000) “Bad News Travel Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies”, Journal of Finance, 55: 265-295.

  • Hurst, B., Ooi, Y.H. and Pedersen, L.H. (2017) “A century of evidence on trend-following investing,” The Journal of Portfolio Management, 44(1), pp. 15–29. Available at: https://doi.org/10.3905/jpm.2017.44.1.015.

  • Hurst, G. and Docherty, P. (2015) “Trend salience, investor behaviours and momentum profitability,” Pacific-Basin Finance Journal, 35, pp. 471–484. Available at: https://doi.org/10.1016/j.pacfin.2015.08.001.

  • Hutchinson, M.C. and O'Brien, J.J. (2014) “Is this time different? Trend following and financial crises,” Journal of Alternative Investments, 17(2), pp. 82–102. Available at: https://doi.org/10.2139/ssrn.2375733.

  • Hvidkjaer, Soeren (2006) “A Trade-Based Analysis of Momentum,” The Review of Financial Studies 19(2), 457–491

  • Iwanaga, Y. and Sakemoto, R. (2022) “Commodity momentum decomposition,” Journal of Futures Markets [Preprint]. Available at: https://doi.org/10.1002/fut.22382.

  • Jacobs, H., Regele, T. and Weber, M. (2015) “Expected skewness and momentum,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2600014.

  • Jegadeesh, N. and Titman, S. (1993) “Returns to buying winners and selling losers: Implications for Stock Market Efficiency,” The Journal of Finance, 48(1), pp. 65–91.

  • Jegadeesh, Narasimhan, and Sheridan Titman (2001) “Profitability of Momentum Strategies: an Evaluation of Alternative Explanations”, Journal of Finance, 56: 699-720.

  • Jegadeesh, Narasimhan, and Sheridan Titman (2002) “Cross-Sectional and Time Series Determinants of Momentum Returns”, Review of Financial Studies, 15: 143-157.

  • Johnson, T.C. (2002) “Rational momentum effects,” The Journal of Finance, 57(2), pp. 585–608. Available at: https://doi.org/10.1111/1540-6261.00435.

  • Jostova, G. et al. (2013) “Momentum in corporate bond returns,” Review of Financial Studies, 26(7), pp. 1649–1693. Available at: https://doi.org/10.1093/rfs/hht022.

  • Keim, D.B. and Stambaugh, R.F. (1986) “Predicting returns in the stock and Bond Markets,” Journal of Financial Economics, 17(2), pp. 357–390. Available at: https://doi.org/10.1016/0304-405x(86)90070-x.

  • King, M., Silver, O. and Guo, B. (2002) “Passive Momentum Asset Allocation,” The Journal of Wealth Management, 5(3), pp. 34–41. Available at: https://doi.org/10.3905/jwm.2002.320453.

  • Korajczyk, R.A. and Sadka, R. (2004) “Are momentum profits robust to trading costs?,” The Journal of Finance, 59(3), pp. 1039–1082. Available at: https://doi.org/10.1111/j.1540-6261.2004.00656.x.

  • Lee, Charles M.C., Bhaskaran Swaminathan (2000) “Price Momentum and Trading Volume,” The Journal of Finance, 55(5), 2017–2070

  • Lempérière, Y. et al. (2014) “Two centuries of trend following,” The Journal of Investment Strategies, 3(3), pp. 41–61. Available at: https://doi.org/10.21314/jois.2014.043.

  • Levine, A. and Pedersen, L.H. (2015) “Which trend is your friend?,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.2603731.

  • Levy, Robert (1967) “Relative Strength as a Criterion for Investment Selection”, Journal of Finance, 22: 595:610.

  • Li, Xiafei, Chris Brooks, and Joelle Miffre (2007) “Low-Cost Momentum Strategies”, EDHEC Business School working paper (August).

  • Liew, J. and Vassalou, M. (1999) “Can book-to-market, size, and momentum be risk factors that predict economic growth?,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.159293.

  • Liu, L.X. and Zhang, L. (2008) “Momentum profits, Factor Pricing, and macroeconomic risk,” Review of Financial Studies, 21(6), pp. 2417–2448. Available at: https://doi.org/10.1093/rfs/hhn090.

  • Liu, M., Liu, Q. and Ma, T. (2011) “The 52-week high momentum strategy in International Stock Markets,” Journal of International Money and Finance, 30(1), pp. 180–204. Available at: https://doi.org/10.1016/j.jimonfin.2010.08.004.

  • Liu, Weimin, Norman Strong, and Xinzhiong Xu (1999) “The Profitability of Momentum Investing”, Journal of Business Finance & Accounting, 26(9): 1043-1091.

  • Luu, B.V. and Yu, P. (2012) “Momentum in government-bond markets,” The Journal of Fixed Income, 22(2), pp. 72–79. Available at: https://doi.org/10.3905/jfi.2012.22.2.072.

  • Marshall, B.R., Nguyen, N.H. and Visaltanachoti, N. (2016) “Time series momentum and moving average trading rules,” Quantitative Finance, 17(3), pp. 405–421. Available at: https://doi.org/10.1080/14697688.2016.1205209.

  • Menkhoff, L. et al. (2011) “Currency momentum strategies,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.1971680.

  • Miffre, J. and Rallis, G. (2006) “Momentum Strategies in Commodity Futures Markets,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.702281.

  • Moskowitz, T.J. (2010) “Explanations for the momentum premium”, AQR Capital Management. Available at: https://www.aqr.com/Insights/Research/White-Papers/Explanations-for-the-Momentum-Premium (Accessed: November 2, 2022).

  • Moskowitz, T.J. and Grinblatt, M. (1999) “Do industries explain momentum?,” The Journal of Finance, 54(4), pp. 1249–1290. Available at: https://doi.org/10.1111/0022-1082.00146.

  • Moskowitz, T.J., Ooi, Y.H. and Pedersen, L.H. (2012) “Time Series Momentum,” Journal of Financial Economics, 104(2), pp. 228–250. Available at: https://doi.org/10.1016/j.jfineco.2011.11.003.

  • Narayan, P.K., Ahmed, H.A. and Narayan, S. (2014) “Do momentum-based trading strategies work in the Commodity Futures Markets?,” Journal of Futures Markets, 35(9), pp. 868–891. Available at: https://doi.org/10.1002/fut.21685.

  • Novy-Marx, R. (2012) “Is momentum really momentum?,” Journal of Financial Economics, 103(3), pp. 429–453. Available at: https://doi.org/10.1016/j.jfineco.2011.05.003.

  • Novy-Marx, R. (2015) “Fundamentally, momentum is fundamental momentum.” Available at: https://doi.org/10.3386/w20984.

  • Novy-Marx, R. and Velikov, M. (2016) “A taxonomy of anomalies and their trading costs,” Review of Financial Studies, 29(1), pp. 104–147. Available at: https://doi.org/10.3386/w20721.

  • Pirrong, C. (2005) “Momentum in futures markets,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.671841.

  • Rouwenhorst, K.G. (1998) “International Momentum Strategies” The Journal of Finance, 53(1), pp. 267–284. Available at: https://doi.org/10.1111/0022-1082.95722.

  • Shiller, R.J. (2003) “From efficient markets theory to behavioral finance,” Journal of Economic Perspectives, 17(1), pp. 83–104. Available at: https://doi.org/10.1257/089533003321164967.

  • Sias, R. (2007) “Causes and seasonality of momentum profits,” Financial Analysts Journal, 63(2), pp. 48–54. Available at: https://doi.org/10.2469/faj.v63.n2.4521.

  • Siganos, Antonios (2007) “Momentum Returns and Size of Winner and Loser Portfolios”, Applied Financial Economics, 17: 701-708.

  • Szakmary, A.C., Shen, Q. and Sharma, S.C. (2010) “Trend-following trading strategies in Commodity Futures: A re-examination,” Journal for Banking & Finance, 34(2), pp. 409–426. Available at: https://doi.org/10.1016/j.jbankfin.2009.08.004.

  • Wahal, S. and Goyal, A. (2012) “Is momentum an echo?,” SSRN Electronic Journal [Preprint]. Available at: https://doi.org/10.2139/ssrn.1935601.

  • Wiggins, J. (2022) “Most of Us Are Secret Momentum Investors”, 30 August. Available at: https://behaviouralinvestment.com/2022/08/30/most-of-us-are-secret-momentum-investors/ (Accessed: November 6, 2022).

  • Zaremba, A. and Kambouris, G. (2018) “The sources of momentum in International Government Bond Returns,” Applied Economics, 51(8), pp. 848–857. Available at: https://doi.org/10.1080/00036846.2018.1524132.

Books describing strategies for financial markets which are based on momentum investing principles

  • Chestnutt, G.A. (1961) Stock Market Analysis: Facts and principles. Greenwich, Conn,: Chestnutt Corp.

  • Darvas, N. (2015) How I Made $2 Million in the Stock Market. Petersfield: Harriman House.

  • Gartley, H.M. (1935) Profits in the Stock Market. Pomeroy, WA: Lambert-Gann Pub. Co.

  • Haller, G. (1965) The Haller Theory of Stock Market Trends. West Palm Beach, Fla.

  • Lefèvre, E. (1923) Reminiscences of a Stock Operator. Windsor, Ontario: Auroch Press, Publishers.

  • Levy, R.A. (1968) The relative strength concept of common stock price forecasting: An evaluation of selected applications of stock market timing techniques, trading tactics, and trend analysis. Larchmont/N.Y.: Investors Intelligence.

  • O'Neil, W.J. (2009) How to Make Money in Stocks: A Winning System in Good Times or Bad. New York, NY: McGraw-Hill Professional.

  • Rhea, R. (1932) The Dow Theory: An explanation of its development and an attempt to define its usefulness as an aid in speculation. Snowball Publishing.

  • Seamans, G. (1939) The Seven Pillars of Stock Market Success. Brightwaters NY: Windsor Books.

  • Wyckoff, R.D. (1924) How I trade and invest in stocks and bonds: Being some methods evolved and adopted during my thirty-three years experience in Wall Street. New York.