You have to love Joe; he's been here for it all, and is a delightfully frank crumedgon. OBV is his invention, and if tuned properly it is one of the best indicators. It is quite valuable in BB alchemy.
I believe DW found some of his inspiration for the CLX from Joe's OBV, with whom DW was buddy-pals back in the day. Joe as been mostly a bear in his old age (81) and mostly wrong, spectacularly so in calling for Dow 7400 in 2005. I think his letter is way down there in the Hulbert rankings.
I was under contract to the GRANVILLE MARKET LETTER in the mid 80.s to provide buy and sell signals.....took the letter to hulberts number one ranking.....i was paid half the letters income during that time......the breakup made headlines as it was revealed by dan dorfman in a nation wide syndicated article out of NY magazine that a shoe salesman was responsible for Granvilles success in Hulbert ratings........if anyone wants to see a copy of the article i will fax it 2 u.
....I know exactly how he thinks.......and why......sigh
as for Joes CLX .....yes he invented it......i refined it.......when he saw what i did he couldnt understand it but he saw the results and the contract was signed.
http://www.siliconin...subjectid=36625
Edited by da_cheif, 26 May 2007 - 07:54 PM.