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Charting The Market | AUG 2003
Charting The Market by David Penn
Charting The Market by David Penn ON-BALANCE VOLUME Interviewed by BusinessWeek magazine late in the spring of 2002, legendary market forecaster and technical analyst Joseph Granville was asked, “Does technical analysis still work?” The journalist further wondered whether technical analysis is superior to Wall Street analysis, and if so, whether Granville’s personal technical methods would work “forever.” Granville’s response was both classic Granville and classic market technician: Of course. Truth is never out of date. There’s only two things that can change the value of a stock — supply and demand, the only thing I teach.
by David Penn
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