Granville newsletter credited with plunge on Dow Jones average.When editor Joseph Granville Joseph E. Granville (August 20, 1923 – ), often called Joe Granville, is a financial writer[1], public speaker and pioneer in the field of Technical Analysis. advised his 11,000 subs to sell, their actions contributed heavily to the sharp 23.8 plunge in the Dow Jones on January 7, according to financial observers. Similary, an earlier recommendation to buy contributed to a rise. Hence, the Jan. 9 New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times ran an article, "Wall Street's Fortune Tellers," reviewing the records of other investment NL publishers. Listed were Richard L. Russell, Dow Theory Dow Theory A theory which says the market is in an upward trend if one of its averages (industrial or transportation) advances above a previous important high, it is accompanied or followed by a similar advance in the other. Letters, La Jolla, CA, 7,000 subs, $ 185; Stanley Weinstein, Professional Tape Reader, Hollywood FL, 9,000 subs, $175; Martin E. Zweig, Zweig Forecast, NYC NYC abbr. New York City NYC New York City , 5,500 subs, $165; Elliot Janeway, The Janeway Letter, New York, circulation not divulged, $250. The Times also noted that Eliza J. Cortez, The Market Watchdog, Rancho Palos Verdes Rancho Pal·os Ver·des A city of southern California on a channel of the Pacific Ocean west of Long Beach. Population: 42,100. , CA, has been charged by SEC with receiving compensation from brokers, then advising clients to use these brokers. --NL/NL, January 15, 1981 A review of current newsletter directories found only one of the titles mentioned still in existence--The Professional Tone Reader, founded 1972, 24x, $495/yr., Stan Weinstein still editor-publisher. |
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