Bernadette Bartels Murphy, CMT

Bernadette Bartels Murphy, CMT

Bernadette Bartels Murphy, who holds the Chartered Market Technician (CMT) designation, was  Managing Director, Chief Market Analyst and Technical Analyst at Kimelman & Baird, LLC. She was a founding member and former governor of the CFA Institute as well as a former president of the New York Society of Security Analysts.

Ms. Murphy sat on the investment committees of several not-for-profit organizations, and was previously a regular panelist on PBS’s Wall Street Week with Louis Rukeyser investment program for 23 years.

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            [post_content] => Hello Readers!  

Wishing all of you a prosperous and healthy Diwali in advance. May this festival light up your lives, both personally and professionally! 

The recently concluded CMT 2020 India Virtual Summit was a great successWorld class speakers graced us with their virtual presenceand I can confidently say that there are decades of learnings in the recordings of these sessions that any analyst would benefit from immensely! A big thank you to all the Speakers and participants for making this Summit a memorable one. For all those who missed it, we have compiled some session descriptions and have dedicated this edition of the Newsletter to the Summit. There’s GOLD in these sessions, so do make sure that you go through them before the online video recordings expire on November 16, 2020!   

If you had already registered for the Summit, log back in to your digital event guide to access the recordings. If you hadn't registered for the Summit, you can register to view the recordings here

As a market participant, there are certain concepts that you learn through personal, rigorous study and certain concepts that you learn by simply being a part of the system. I recently came across interesting analogies in Sanskrit and found it quite relevant to us. 

Markata Kishor Nyayam: (Baby monkey principle/law) 

You must’ve noticed that the mother monkey moves swiftly from one branch to another while the baby monkey hangs on with a tight grip so as to not fall. Here, the baby focuses on the grip, while the mother focuses on movement alone.  

Marjaala Kishor Nyayam: (Baby cat principle/law) 

A mother cat carries its kitten in its mouth to move them to safety or to a different location. Here, the onus lies on the mother to make sure that she doesn’t drop or hurt the kitten while holding on to it with a delicate balance of grip and care. The kitten surrenders itself to the mother. 

As traders and analysts we spend countless hours understanding various aspects of the market by holding on to it with a tight grip, as it swings from bull cycles to bear cycles, just like a baby monkey holds on to its mother. There are also times when we understand concepts by being part of the market where the market guides us and helps us, just like a mother cat doesOne cannot always be as tenacious as a baby monkey or as laid back as a kitten. It is a combination of these two approaches that leads to a fulfilling understanding of a subject. 

In order to improve our trade, it is imperative to revisit the involuntary errors we make and work towards overcoming them together: 
  1. I will refrain from saying “I told you so” (this one is particularly difficult in our field) 
  2. I will not compare my Chapter 8 to someone else’s Chapter 20  
  3. I will not blame the market for my errors (this is just convenient. Why would the market single you out?)  
  4. will exit the trade once it has triggered my stop loss; not average it (aren’t all of us guilty of this at some point?) 
  5. I will identify patterns on charts without forcing them (if I just tweak the lines a little, I can make it look like a triangle…maybe) 
  6. I will focus on being unbiased (My way or the highway really doesn’t work here) 
These are some of my New Year resolutions. I figured I might as well get an early start. You are free to borrow and build on them!    Until the next time,   Rashmi Shastry, CMT [post_title] => Technical Insights - November 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-november-2020 [to_ping] => [pinged] => [post_modified] => 2020-11-09 15:53:34 [post_modified_gmt] => 2020-11-09 20:53:34 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 571095 [post_id] => 53436 [meta_key] => newsletter_content_10_contributor [meta_value] => a:3:{i:0;s:5:"52671";i:1;s:5:"39654";i:2;s:4:"1035";} ) [1] => stdClass Object ( [ID] => 46230 [post_author] => 2 [post_date] => 2013-01-15 12:00:41 [post_date_gmt] => 2013-01-15 17:00:41 [post_content] =>


This year marks the fortieth anniversary of the founding of the MTA and presents an opportunity to review the work of some of the giants of technical analysis.  Each month, we will feature the work of at least one of the individuals who have had a large impact on the study of technical analysis, starting with an in-depth look at the work of Bernadette Murphy, CMT, who was one of the first to note the importance that options trading would have in market analysis. We have reprinted an article she prepared for the MTA Journal in 1980 that serves as a primer to the options markets and shows an example of the thought process that has allowed her to stay ahead of the markets for almost fifty years. Bernadette was also among the first to understand the importance of professional certification and was instrumental in the development of the CMT program. She also understood the limitations of the CMT and in November 1981 wrote, “The principles, philosophy and measurement tools of the technical analyst make analysis of the stock market viable. The effectiveness of the conclusions depends upon the talent of the user. Medical, legal and accounting disciplines are tested regularly. Many pass the examinations but only a handful becomes outstanding practitioners. The talents of the user make the difference. I believe the same applies in the world of technical analysis.” Interestingly, her niece Mary Ann Bartels has also become an outstanding practitioner, continuing the family tradition of identifying new market trends and developed sentiment indicators based on more recent market changes. Mary Ann is one of the exceptional speakers scheduled to make a presentation at the Annual Symposium in April offering current insights into the markets.  Please tell us about the thought leaders you think we should feature in upcoming issues of Technically Speaking by emailing MIKE CARR [post_title] => Technically Speaking, January 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-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] => 395572 [post_id] => 46230 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:3:"965";} ) [2] => stdClass Object ( [ID] => 47947 [post_author] => 2 [post_date] => 2009-10-15 12:00:06 [post_date_gmt] => 2009-10-15 16:00:06 [post_content] =>

Letter from the Editor

This month we only have a few articles, but it will take serious students of technical analysis several hours to get through them and many more hours thinking about the ideas we present here. Eric Leake and Rob Hanna, CMT, have allowed us to reprint some of their work. Both papers offer detailed and profitable trading strategies. Enough detail is presented for someone to immediately take their ideas and start trading. More importantly, they each provide enough detail that you can  generate your own research ideas and use these papers as a starting point to develop a strategy that matches your own trading style. They should spawn countless research projects, and as you build on their work, you may want to follow their lead and publish it here for the benefit of your fellow MTA members. Also featured in this month's newsletter is an announcement from the MTA Educational Foundation discussing an online eBay auction and fundraising event. These are exciting and important events to help raise awareness and celebrate the opening of the MTAEF/MTA Library at Baruch College. I’m certain that Rob and Eric are not the only two MTA members delivering such high quality research to clients. If you’d like to share your work with your colleagues, please send it to us at Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, October 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-20 17:33:51 [post_modified_gmt] => 2020-03-20 21:33:51 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 423653 [post_id] => 47947 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:5:"47965";} ) )