CMT Association is saddened by the loss of longtime member Martin Zweig

Martin E. Zweig an innovator and Annual Award Recipient 2012 has passed away. We here at the CMT Association send our condolences to the family and we would like honor a true pioneer in the industry of technical analysis. Feb. 19 (Bloomberg) -- Martin E. Zweig, who predicted the 1987 stock market crash and whose newsletters influenced American investors for a quarter century, died yesterday, according to his New York-based firm. He was 70 or 71. The Cleveland native wrote “Winning on Wall Street” and published stock-picking advisories such as the Zweig Forecast for 26 years, helping start his career in hedge funds and philanthropy. He co-founded Zweig-DiMenna Partners in 1984 and, according to the New York Post, bought a 16-room apartment at Manhattan’s Pierre hotel in 1999 for $21.5 million. “He was a very fine technical analyst, also a very fine money manager, and he put those two together in a profitable manner,” Kenneth Safian, the founder of Safian Investment Research Inc. in New York who worked on technical analysis with Zweig, said in a telephone interview. “He’s a very hard-working gentleman, he was obviously deserving of the successes he had.” For the full Businesswire article click here.