Arthur Merrill, CMT

Arthur Merrill, CMT

Bio Coming

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We open this month’s newsletter with a preview of the Annual Symposium. Larry Williams updates the idea of cycles in this article and presented insights into his latest work when he spoke in New York. Also at the Symposium, Larry’s son, Dr. Jason Williams, offered insights into the minds of winning traders. We will offer summaries of the presentations in future issues and many presentations will be online, ensuring all members can access this information even if their schedule didn’t permit them to travel to the event. We have been celebrating the 40th anniversary of the MTA with a look at its history. No review of the history of technical analysis and the MTA would be complete without a look at the work of Arthur Merrill, CMT. Hewas among the first to publish studies of various market behaviors, like seasonal tendencies in the stock market such as the end-of-month effect. In this issue of Technically Speaking we are reprinting his study of M & W patterns from a 1980 issue of the MTA Journal. Few analysts could duplicate this study today using readily available charting software. Arthur worked with a programmable calcualator, “it was designed for [the] T159 programmable calculator, and had 476 instructions,” and chart paper. Other examples of his work can be found in the Journal archives available on the MTA web site. We also include some analysis of the current market. Keene Little, CMT, combines Gann with Elliott with other techniques in his work. Jonathan Beck takes an equally innovative approach. Both rely on techniques included in the diverse Body of Knowledge of technical analysis. Please let us know what you consider to be the most important topics in the field by emailing us at Michael Carr [post_title] => Technically Speaking, April 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:32 [post_modified_gmt] => 2020-08-03 15:34:32 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 393525 [post_id] => 46101 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"46127";} ) [1] => stdClass Object ( [ID] => 47846 [post_author] => 2 [post_date] => 2010-02-15 12:00:56 [post_date_gmt] => 2010-02-15 17:00:56 [post_content] =>

Letter from the Editor

In this month’s issue of Technically Speaking, we offer several short articles that could stimulate some fresh thoughts on the markets. John R. McGinley, CMT, offers details on a reliable January indicator. What is interesting about his work is that he includes a test of statistical significance, a step lacking in most articles written about technical indicators. We are also reprinting a very readable explanation of the chi squared test written John’s friend and mentor, the late Arthur Merrill, CMT. We follow this with some very specific trading lessons. Mike Moody, CMT, quantifies how much following a disciplined approach can be worth in “The $ Value of Patience.” Ken Winans, CMT, contributes an article which shows that simple strategies can work very well. David Penn of also explains a specific trading strategy. Bob Palmerton, CMT, provides details on a disciplined way to look at the markets each day. Finally, we have some reviews of trading tools developed by MTA members. We are always happy to bring your work to the attention of others. Books can be reviewed as Adobe files so that the article can be published at the time the book is being formally released. Please email us at to arrange for a review, or to contribute an article that will be read by thousands of MTA members and affiliates around the world. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, February 2010 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2010 [to_ping] => [pinged] => [post_modified] => 2020-03-20 14:28:07 [post_modified_gmt] => 2020-03-20 18:28:07 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 421259 [post_id] => 47846 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:5:"46127";} ) [2] => stdClass Object ( [ID] => 52524 [post_author] => 2 [post_date] => 2005-02-15 12:00:44 [post_date_gmt] => 2005-02-15 17:00:44 [post_content] =>

From the Editor’s Desk

Last month’s newsletter included an article by William Sarubbi, MBA, CMT entitled, “First-ofthe-Month Bias Continued.” This short research piece updated some work originally done by Arthur Merrill, CMT. Shortly after that issue was sent to the publisher, Arthur Merrill passed away. We are fortunate that he left us with a lifetime of work to update, and due to the statistical rigor he applied to indicators, we should expect to find that his work is just as valid today as it was when he undertook his efforts. In this month’s newsletter, we present some  insight to the great life Arthur lived. Next month, we hope to be able to publish a very small amount of his original work. Arthur tested more ideas than most of us will have in our lifetimes. Robert Colby, CMT, is an authority on indicators, having written an extremely detailed book on the subject, The Encyclopedia of Technical Market Indicators. In that book, Arthur Merrill is cited 23 times in the index, more than twice as often as any other individual, and second only to Ned Davis Research, an entire company dedicated to market research. We also have a summary of the recent brainstorming session in San Diego and a biography of Garfield Drew along with examples of several indicators and their applications to the stock market. We hope you enjoy this issue. Cordially, Mike Carr, CMT Technically Speaking Editor [post_title] => Technically Speaking, February, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-17 13:06:47 [post_modified_gmt] => 2020-08-17 17:06:47 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 548406 [post_id] => 52524 [meta_key] => newsletter_content_2_contributor [meta_value] => a:4:{i:0;s:5:"46127";i:1;s:4:"1890";i:2;s:5:"47835";i:3;s:5:"50342";} ) )