When I think of TA, I think of one guy I met back
Post# of 39368
Posted On: 09/13/2014 5:57:50 PM
When I think of TA, I think of one guy I met back in the 70's. He is the Father of OBV....
This is how to meet clients...LMAO
Granville was known as a great showman who would emerge from a coffin at an investment conference, or appear to walk across water (at a swimming pool) when meeting clients.
Joseph Granville
http://en.wikipedia.org/wiki/Joseph_Granville
http://www.bloomberg.com/news/2013-09-09/jose...at-90.html
Joseph Granville, a newsletter writer and technical analyst who moved stock markets with bearish calls in the 1970s and ’80s, has died. He was 90.
Granville died in Saint Luke’s Hospice House in Kansas City, Missouri, said Laurel Gifford, a spokeswoman for Saint Luke’s Health System. He died on Sept. 7, his wife, Karen Granville, said today. The cause of death isn’t known, she said.
The publisher of the Granville Market Letter since 1963, Granville predicted the Dow Jones Industrial Average (INDU)’s slide in 1977 to 1978 and the end to the surge in computer-related shares in 2000. He was wrong in 1982 and 1995 when he called for losses before stocks rallied.
In his forecasts, Granville used criteria such as trading and price patterns rather than more commonly analyzed economic data and earnings growth. He started developing his own stock-market theories at what was then E.F. Hutton & Co., a New York-based brokerage, from 1957 to 1963.
By 1981, Granville was influential enough to spur a market slump. That January, he sparked a 2.4 percent one-day decline in the Dow average by advising his subscribers, “Sell Everything!”
His stock-pundit fame brought invitations to play in the Bob Hope Desert Classic golf tournament, perform with a chimpanzee at Caesar’s Palace in Las Vegas, and play the piano at Carnegie Hall.
‘Extremely Powerful’
“Joe was extremely powerful a generation ago,” said Robert Stovall, a global strategist at Wood Asset Management Inc. in Sarasota, Florida, who worked with Granville at E.F. Hutton. “If he gave the thumbs down to a market, it was like the emperor in the coliseum. The market would go down.”
In addition to writing about stocks, Granville produced books on subjects such as stamp investing and winning at bingo.
Joseph Ensign Granville was born on Aug. 20, 1923, in Yonkers, New York. His father, W. Irving Granville, “lost $30,000 of his own money and at least twice as much more that he borrowed from Grandma Buck and Auntie Blanche” in the stock-market crash of 1929, according to “The Book of Granville” (1984).
“The family survived only because our relatives were comfortable enough to write off their losses and aid us in recovering,” Granville said. “It was my father’s devastating experience with the stock market that made me so sensitive to the economic realities that lay behind every human pursuit.”
This is how to meet clients...LMAO
Granville was known as a great showman who would emerge from a coffin at an investment conference, or appear to walk across water (at a swimming pool) when meeting clients.
Joseph Granville
http://en.wikipedia.org/wiki/Joseph_Granville
http://www.bloomberg.com/news/2013-09-09/jose...at-90.html
Joseph Granville, a newsletter writer and technical analyst who moved stock markets with bearish calls in the 1970s and ’80s, has died. He was 90.
Granville died in Saint Luke’s Hospice House in Kansas City, Missouri, said Laurel Gifford, a spokeswoman for Saint Luke’s Health System. He died on Sept. 7, his wife, Karen Granville, said today. The cause of death isn’t known, she said.
The publisher of the Granville Market Letter since 1963, Granville predicted the Dow Jones Industrial Average (INDU)’s slide in 1977 to 1978 and the end to the surge in computer-related shares in 2000. He was wrong in 1982 and 1995 when he called for losses before stocks rallied.
In his forecasts, Granville used criteria such as trading and price patterns rather than more commonly analyzed economic data and earnings growth. He started developing his own stock-market theories at what was then E.F. Hutton & Co., a New York-based brokerage, from 1957 to 1963.
By 1981, Granville was influential enough to spur a market slump. That January, he sparked a 2.4 percent one-day decline in the Dow average by advising his subscribers, “Sell Everything!”
His stock-pundit fame brought invitations to play in the Bob Hope Desert Classic golf tournament, perform with a chimpanzee at Caesar’s Palace in Las Vegas, and play the piano at Carnegie Hall.
‘Extremely Powerful’
“Joe was extremely powerful a generation ago,” said Robert Stovall, a global strategist at Wood Asset Management Inc. in Sarasota, Florida, who worked with Granville at E.F. Hutton. “If he gave the thumbs down to a market, it was like the emperor in the coliseum. The market would go down.”
In addition to writing about stocks, Granville produced books on subjects such as stamp investing and winning at bingo.
Joseph Ensign Granville was born on Aug. 20, 1923, in Yonkers, New York. His father, W. Irving Granville, “lost $30,000 of his own money and at least twice as much more that he borrowed from Grandma Buck and Auntie Blanche” in the stock-market crash of 1929, according to “The Book of Granville” (1984).
“The family survived only because our relatives were comfortable enough to write off their losses and aid us in recovering,” Granville said. “It was my father’s devastating experience with the stock market that made me so sensitive to the economic realities that lay behind every human pursuit.”
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