Financial Astrology & The Golden Age of Technical Analysis Wall Street, Astrology, & the Birth of Technical Analysis

Donald Regan said –

“It’s common knowledge that a large percentage of Wall Street brokers use astrology.”

This is not a new phenomenon, but stretches back well over 100 years, where we find the great J. Pierpont Morgan, America’s first Billionaire, and the most powerful banker in history saying, “Millionaires don’t use astrology, billionaires do.”

John Pierpont Morgan Sr. (1837–1913) was an American financier and banker who dominated corporate finance and industrial consolidation in the United States of America in the late 19th and early 20th centuries.

His astrologer was Evangeline Adams, and there are rumors in our circles today that he had a secret astrological system that may still exist in private hands.

This field of esoteric financial analysis and forecasting actually represents one of the oldest branches of market analysis that is known, having its origins back in the late 1800’s and its heyday in the early to mid-20th century. However, the essence of the system of Cosmological Economics is not limited to just explorations of a single subject as narrow and limited as financial astrology. While that may be considered a subset of this wider scientific exploration, the field of Technical Analysis would be a better representation of the wider subject matter that is studied in our tradition when it comes to technical application to financial market analysis, forecasting and trading.

The Golden Age of Technical Analysis

Nikolai Dmitriyevich Kondratiev (1892–1938) is best known for proposing the theory that Western capitalist economies have long term (50 to 60 years) cycles of boom followed by depression. These business cycles are now called “Kondratiev waves”.

In this context, we do still look back to older times for our most valuable resources, particular to a period referred to as The Golden Age of Technical Analysis (1860 - 1960). This was the time during which the greatest developments in the field of technical analysis and market forecasting were accomplished. Since then, most modern market knowledge has been merely a repetition or reworking of past theories and techniques developed during this critical period.

Most modern texts and techniques generally lack the rigor and sophistication of the past applications developed by those considered to be the Old Masters.

It was during this time that the great market technicians like Samuel Benner, W. D. Gann, Roger Babson, R. N. Elliot, George Bayer, Nikolai Kondratieff, Edward R. Dewey, George Marechal, Alan Andrews, William Garrett and numerous others developed the foundational theories and techniques of financial market analysis and forecasting. These greats produced the first and best documented forecasts and models which provide the core evidence of the power and effectiveness of this tradition over 150 years.

For details see: The Proof: Documented Historical Forecasts & Models

Technical Analysis Today

Interestingly, unlike most modern technology, this field has not advanced significantly over time, but similarly to the classical arts and music had degenerated in the face of a faster moving, more superficial and distracted world. In fact, the greatest market forecasters and technicians existed closer to the beginning of the modern era than the end.

For this reason, there has remained a serious and scholarly niche group of technical analysts and traders who look primarily to the older works of the most famous masters of the past for deeper insights into market analysis and forecasting that have been long lost by the professional industry of today. This group has kept alive an active market for rare and advanced financial analysis and trading courses and systems, in seeking an advantage in knowledge and skill over their contemporary peers.

It is exactly this kind of rare and proprietary material that we specialize in at the Institute of Cosmological Economics. We have compiled what is probably the best collection of the most important works in this field available anywhere in the world. It is our ongoing mission to both seek out these kinds of lost resources from past times, and to represent new authors who have made significant discoveries and breakthroughs in this field. We then either publish this old or new material ourselves, or after review and verification of its quality, include the best of other publisher’s material in our catalog. In this way, we have developed the closest thing to a “peer reviewed” collection of both historical and modern works within this field.

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