I have to
say that I just did a google search since I didn't see Terry's
update recently and discovered your note. I am so glad he found you
before he passed away, so that you may continue the legacy he
established. I began following Terry around 2008, so about five
years, and I poured through his archives at the time. I remember
being astonished when he referred to you and posted the SLV charts
you had sent him. It was clear then that, like Marty Schwartz you
had carried his ideas forward, but unlike Marty, there was an
educational bone in you that wanted to share your discovery with
others versus focus on using it solely to enrich yourself. I tried
so hard to be able to go to your joint Nantucket seminar, and was
frustrated that my trip was thwarted by the strong re-emergence of
the Lyme disease I had picked up on the Vineyard. I am feeling
considerably better now, and actually put a lot of time into
researching the disease and creating manuals for the libraries to
assist people with this chronic illness in getting better. And that
is where my time went since last summer.
The emails I
exchanged with him were a source of pride for me, because I knew
Terry didn't bother to respond to people who wasted his time, and
didn't have some thought behind a comment or question or
interesting information to share. I am deeply saddened by his
death. I loved him and his professorial warmth, similar to Dean
LeBaron, of Batterymarch fame, who wowed me when he spoke at the
Harvard Business School back in the late 1980's, and wowes me still
on his blog. Terry you wowed me right to the end. Parker, I believe
you will admirably fill his shoes and make him look down and feel
proud that he found you, when he sees you moving things forward.
Posted by billnew52 on 24th of Jul 2012 at 07:16 am
Steve,
A hero can be a mentor, guide and father in a person's
life. As such, I express my condolences to you. May you
live out the truth of life he passed on to you - and share it with
others. Requiem pacet.
Bill
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If you know about Terry Laundry's work in the markets since the 70's and his track record
Posted by steve101 on 23rd of Jul 2012 at 11:23 pm
Parker,
I have to say that I just did a google search since I didn't see Terry's update recently and discovered your note. I am so glad he found you before he passed away, so that you may continue the legacy he established. I began following Terry around 2008, so about five years, and I poured through his archives at the time. I remember being astonished when he referred to you and posted the SLV charts you had sent him. It was clear then that, like Marty Schwartz you had carried his ideas forward, but unlike Marty, there was an educational bone in you that wanted to share your discovery with others versus focus on using it solely to enrich yourself. I tried so hard to be able to go to your joint Nantucket seminar, and was frustrated that my trip was thwarted by the strong re-emergence of the Lyme disease I had picked up on the Vineyard. I am feeling considerably better now, and actually put a lot of time into researching the disease and creating manuals for the libraries to assist people with this chronic illness in getting better. And that is where my time went since last summer.
The emails I exchanged with him were a source of pride for me, because I knew Terry didn't bother to respond to people who wasted his time, and didn't have some thought behind a comment or question or interesting information to share. I am deeply saddened by his death. I loved him and his professorial warmth, similar to Dean LeBaron, of Batterymarch fame, who wowed me when he spoke at the Harvard Business School back in the late 1980's, and wowes me still on his blog. Terry you wowed me right to the end. Parker, I believe you will admirably fill his shoes and make him look down and feel proud that he found you, when he sees you moving things forward.
All the best to you my friend,
Warm regards and condolences....
Steven E. Cabana
Stock Market Trends & Observations
07/14/12 – Terry Laundry 1939-2012 © ™
Rest in Peace, Terrence Laundry 1939-2012
Posted July 13, 2012 by Parker Binion
With a heavy heart, I am sad to announce that Terry passed away last night. The news came as a shock to us. Paula and I SKYPED with Terry yesterday, and he was chipper and excited about our upcoming projects.
Paula has been busy trying to reach American Shareholder clients and Terry’s friends all day. I have been helping her with that task. Unfortunately, I don’t yet have the software to recreate Terry’s Daily Chart, so there is no technical update except to say today’s bounce was expected from the abnormally high Volume-Weighted TRIN reading earlier in the week. If history holds, the odds favor that this bounce will be short-lived, and we will roll over again next week.
Please bear with us as we transition in Terry’s absence. Right now, we are focused on the funeral arrangements. We will announce those as soon as they are set in case anyone wants to attend. After the burial, we will make plans for the future — both for T Theory, Inc. as well as American Shareholders.
Many of you have followed Terry for decades. Some only months. Either way, our hearts are with you today.
**********************
I had been a follower of Terry since 1974 and always found his ideas special. He was the type of person that I liked, always with fresh new ideas and never a follower of old hackneyed approaches. He will be missed by me and many others for his original thinking and always sharing his ideas with the world.
Terry, you will be missed by me for the rest of my life.
Terry was a Marine and graduate of MIT (tough and smart). He applied some of his engineering expertise to studying momentum in the stock market, which led to his discovery of the T-Theory (aka Magic T-Theory in an earlier time).
Below is a past history of Terry’s mega Ts. They were uncannily accurate and could keep you on the right side of the market during a major move in the market. If you weren’t a follower of his method, you missed a bright shinning light.
Parker Binion is Terry’s successor and I wish him success. He has some very big shoes to fill.
I've known and admired his work...
Posted by brophy on 24th of Jul 2012 at 10:13 am
since reading Pitt Bull by MArty Schwartz.
Why are Marines such great analysts?
sad day, indeed
Condolences
Posted by billnew52 on 24th of Jul 2012 at 07:16 am
Steve,
A hero can be a mentor, guide and father in a person's life. As such, I express my condolences to you. May you live out the truth of life he passed on to you - and share it with others. Requiem pacet.
Bill