Evans Echoes
Back in the 1960′s and 70′s, Robert Evans owned the Stock Market Institute. It was based in Chicago, IL where Evans and his staff revised and sold the Wyckoff course and offered an excellent charting service. That was back in the days when traders read the ticker tape and charts were drawn by hand. The charts were mailed out on Thursday morning (100 per week) and students spent a busy Saturday updating the charts with the Thursday and Friday data.
Bob Evans also produced a series of recordings (on reel to reel tape) that offered market commentary using wonderful stories that taught us valuable lessons. At one time, the tape machine was mailed from student to student so they could listen to the tapes. My, have times changed.
The fascinating thing about the Wyckoff method is that the principles he developed 80 years ago, work just as well today as they did in the 1920′s and the great depression (when SMI was founded). On his tapes, Evans may be using a company that no longer exists to make his point, but it doesn’t matter. It’s the concepts and the lessons that are important and they are timeless.
Probably Bob Evans’ greatest gift was his ability to communicate in a way that you remembered and used the information he presented. While listening to the tapes was serious business, it was also great fun. He made over 200 Evans Echoes tapes and many of them are SMI classics.
Gary Schuber and I are working on a project to convert these invaluable tapes into MP3 audio files and, along with the associated charts, are, for the first, time making them available to Wyckoff Students. They can be fouind in the vault section of the web site. It is a big project and will take some time to update all the Evans Echoes tapes. If you have a favorite, please leave a comment and we’ll make update it and place it in the vault.