John Magee

John Magee, a leading practitioner and popularizer of technical analysis of stock prices, died of heart failure last Monday at Mercy Hospital in Springfield, Mass. He was 86 years old and lived in Springfield.

After graduating from the Pomfret Academy in Connecticut and the Massachusetts Institute of Technology, Mr. Magee began a career in advertising. He was later told by his father that he would inherit some money and that he should learn about stocks.

Studying the market became his life’s work. In 1942, he joined with Robert D. Edwards to refine research into the method of stock investment known as the Dow Theory. In 1948, the two men published ”Technical Analysis of Stock Trends,” which summarized their findings. Five editions of the book have been printed, and it has been translated into German and Japanese.