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Charles D. Kirkpatrick

Charles D. Kirkpatrick

Charles Kirkpatrick, who holds the Chartered Market Technician (CMT) designation, is the president of Kirkpatrick & Company, Inc., and has been a featured speaker before such professional organizations as the New York Society of Security Analysts, Financial Analysts Federation, CMT Association, the Foundation for the Study of Cycles, and numerous colleges and universities. He is a former Board Member of the CMT Association, former editor of the Journal of Technical Analysis and former Board Member of the Technical Analysis Educational Foundation, responsible for the development of courses in technical analysis at major business schools.

Throughout his 45 years in the investment field, Charlie has received recognition from both the national media and his peers.  He has been featured on Wall $treet Week, CNBC, and in the magazine Technical Analysis of Stocks and Commodities, has been quoted in such publications as The Wall Street Journal, BusinessWeek, Forbes, Futures magazine, Money magazine and The New York Times, and has written articles for Barron’s and the Market Technicians Journal.  He is the only person to win the annual Charles H. Dow Award twice, for articles on technical analysis in 1993 and 2001.  In 2008, he won the CMT Association’s Annual Award for “outstanding contributions to the field of technical analysis.”

In 1970 Mr. Kirkpatrick co-founded the Market Forecasting division of Lynch, Jones & Ryan and in 1978 started his own market forecasting and brokerage firm, Kirkpatrick & Company, Inc., which published an investment-strategy letter, provided computerized stock-selection methods to institutional portfolio managers, managed a hedge fund, and traded options on the PHLX and CBOE.  While currently retired from the investment management, brokerage and trading businesses, he continues to publish his Market Strategist letter, calculate his award-winning stock-selection lists, write books and articles on trading and investing, and as an Adjunct Professor of Finance, teach technical analysis at Brandeis University International Business School.

A graduate of Phillips Exeter Academy, Harvard College (AB), and the Wharton School at the University of Pennsylvania (MBA), Mr. Kirkpatrick lives in Kittery, Maine.

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LETTER FROM THE EDITOR

In this month’s issue, we are confident we have something for everyone.  Charlie Kirkpatrick, CMT, the only person to have written two Dow Award winning papers, explains an indicator he calls “the forward line.” In the first two articles of this issue, he explains the theory at the heart of the forward line, details the calculation of the indicator and demonstrates how to apply it to trading. In this month’s member interview, Anthony Abry explains his work and identifies position sizing and Commitment of Traders (COT) data as potential areas for further study. To help start your study, we turned to Ralph Vince who was the first to detail the theory of position sizing and John Kosar, CMT, who is one of the most innovative analysts working with COT data. We include some recent research from John and then added a chart showing how the market actually performed after John made his realtime market call.  We conclude this issue with an article about market geometry by Scott Hathaway. Scott has been working on new geometric techniques, in some ways picking up where and Gann and Elliott left off. Please let us know what topics you’d like to see covered in future issues by emailing us at editor@mta.org. Sincerely, Michael Carr [post_title] => Technically Speaking, December 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-december-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:30:54 [post_modified_gmt] => 2020-08-03 15:30:54 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=44585 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 367119 [post_id] => 44585 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:4:"1121";} ) [1] => stdClass Object ( [ID] => 47901 [post_author] => 2 [post_date] => 2009-12-15 12:00:15 [post_date_gmt] => 2009-12-15 17:00:15 [post_content] =>

Letter from the Editor

This month, we searched the internet to find interesting and useful web sites that could help our members profit in the markets. There are a number of very good web sites out there, but most will not help traders unless they are willing to think outside the box. Economists seem to have taken to blogging more than many other professions, and while their observations are interesting, we thought that almost all of them were too far from technical analysis to be included in this short review. But you may certainly have more insights into their work and we’d like to hear about it if you do. That leads to an interesting question – what should technical analysis include? We’d very much like to hear some of your thoughts on that subject and would be glad to include any ideas you have as letters to the editor. One interesting application of technical analysis we did find was the work of Jim Otar, CMT, CFP. Jim extends his research to retirement planning. It demonstrates the possibilities for skilled technicians, and in a challenging employment environment, research like this could be the element that leads to that dream job. For those wishing to extend the field of technical analysis and seeking a place to publish, consider Technically Speaking. We’re ready to review anything related to our field. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, December 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-december-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-20 16:15:15 [post_modified_gmt] => 2020-03-20 20:15:15 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=47901 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 422711 [post_id] => 47901 [meta_key] => newsletter_content_7_contributor [meta_value] => a:1:{i:0;s:4:"1121";} ) [2] => stdClass Object ( [ID] => 48165 [post_author] => 2 [post_date] => 2008-12-15 12:00:35 [post_date_gmt] => 2008-12-15 17:00:35 [post_content] =>

Letter from the Editor

The content in this month’s newsletter is similar to what you’ve come to expect from us. We present very brief summaries of technical perspectives offered by expert technicians Ken Tower, Ken Winans, and Jeff Lay at a recent Trader’s Expo. A link to a video of the entire panel discussion is available on your member  homepage. Other articles include a couple book reviews and the Nominating Committee and Dow Award Committee have also provided important information. This issue of Technically Speaking represents the end of an era, and the beginning of a new one. It is the last one which will be delivered as a hard copy. Beginning in January 2009, we will be using electronic delivery to serve you better.  Initially we will be delivering the same information in a different format. Once a month, we will email a newsletter similar to the other electronic newsletters many of you now receive.  Links to each article will take you to the full text, and there will be an option to print anything you’d like to study in more detail. As soon as we can, we will add more timely updates. Interim emails will deliver short-term analysis. We will also be able to expand the quantity of material we deliver, including more reviews of books, software, and the latest products supporting technical analysts. We are excited about the changes that will come over the next few months. The quality of Technically Speaking will increase, and the value to you, the members, will be enhanced. Please feel free to offer any feedback to us as we craft your new newsletter. Email me at editor@mta.org with any ideas, requests, or articles you’d like to have published. Sincerely, Mike Carr, CMT Editor [post_title] => Technically Speaking, December 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-december-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-23 13:46:43 [post_modified_gmt] => 2020-03-23 17:46:43 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48165 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 428893 [post_id] => 48165 [meta_key] => newsletter_content_5_contributor [meta_value] => a:2:{i:0;s:4:"1121";i:1;s:4:"7251";} ) [3] => stdClass Object ( [ID] => 48334 [post_author] => 2 [post_date] => 2008-07-15 12:00:07 [post_date_gmt] => 2008-07-15 16:00:07 [post_content] =>

Letter from the Editor

This month’s issue brings a great deal of news about our organization. To paraphrase Executive Director Tom Silveri’s excellent presentation at the May Symposium, “The state of the MTA is stronger than it has ever been.” The letters from Past President Phil Roth and newly inducted President Larry Berman describe some of the efforts which have led to our growth and strength over the past few years. We also have a detailed report about the MTA Educational Foundation course being taught at the University of Richmond. The Foundation has been actively promoting technical analysis within the academic community for a number  of years. For those interested in learning more about this organization, more details can be found at their web site,  www.mtaeducationalfoundation.org. A redesign of the site is currently underway, so check back often for the latest information. Three pages of Technically Speaking are devoted to the life and work of Ian Notley, who will be missed by all who had the pleasure of meeting him. Ian’s work is certainly important, and we are able to present a few examples. We also hope you’ll take the time to read the remarks of Ian McAvity and Karl Wagner. We received several other remembrances of Ian that we didn’t have room to print. This space is not just to pay tribute to a life well lived. Ian inspired many during his career, and we hope that more will be inspired by reading about him. He embodied all that the MTA is – knowledge, innovation, friendship, and mentorship.

In Memoriam Ian Sydney Notley It is with great sadness that we report the passing of long-time MTA Member and friend, Ian Sydney Notley. Our thoughts are with him and his family

Sincerely, Mike Carr, CMT Editor [post_title] => Technically Speaking, July 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-july-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-24 16:22:57 [post_modified_gmt] => 2020-03-24 20:22:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48334 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 431502 [post_id] => 48334 [meta_key] => newsletter_content_4_contributor [meta_value] => a:2:{i:0;s:4:"7251";i:1;s:4:"1121";} ) [4] => stdClass Object ( [ID] => 48451 [post_author] => 2 [post_date] => 2008-01-15 12:00:07 [post_date_gmt] => 2008-01-15 17:00:07 [post_content] =>

From the Editor

This year marks my tenth year of involvement in MTA activities. Within months of becoming an Affiliate, I asked if I could help with the newsletter. Mike Kahn, then the editor, agreed to give me an opportunity, and that single email exchange helped me to become a market professional and CMT. I feel that writing for the newsletter was the best study tool available for CMT preparation. There are twenty committees in the MTA, and I have served on eight of them and been involved with two regional chapters. With all of those activities, the newsletter has taught me the most and allowed me to develop more technical skills than any other. But, those other commitments require time, and I need to find more of that precious commodity to  effectively serve the MTA. To do that, we need a new editor of this newsletter. The job takes about 20 hours a month, on average. Someone with excellent time management skills might be able top schedule an hour a day – that was not my experience as I usually spent all the time over several days at the last minute each month. If you are interested in helping the MTA by taking over as editor of technically speaking, please send me a note (mraketstrategist@gmail.com). We will work a smooth transition, so that you will not suffer through a steep learning curve. And, the reality is that Tim Licitra does all the hard work required to create a nice document. Sincerely, Mike Carr, CMT Editor [post_title] => Technically Speaking, January / February 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-february-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-24 20:09:51 [post_modified_gmt] => 2020-03-25 00:09:51 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48451 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 434459 [post_id] => 48451 [meta_key] => newsletter_content_1_contributor [meta_value] => a:2:{i:0;s:5:"48405";i:1;s:4:"1121";} ) [5] => stdClass Object ( [ID] => 48738 [post_author] => 2 [post_date] => 2007-01-15 12:00:25 [post_date_gmt] => 2007-01-15 17:00:25 [post_content] =>

From the Editor’s Desk

We start the New Year with a new look for Technically Speaking. Tim Licitra has been working hard to make this newsletter more visually appealing, and in the coming months he’ll continue to lead this effort. If you have any suggestions, don’t hesitate to contact him. As you’ll read throughout this issue, the MTA is trying to actively engage all its members in the business of the Association. This theme is found in articles by Charlie Kirkpatrick, CMT about the MTA Educational Foundation, the letter from Executive Director Tom Silveri, and the short note from our newly appointed Volunteer Czar, Fred Meissner. CMT. I hope you’ll consider contacting Fred and getting more involved – we need your help. Although we include a lot of MTA news, this month’s issue also presents some practical investment research and a brief article on trading psychology. Larry Connors from TradingMarkets.com recently completed some research on the best trading days of the month, and we are able to reprint that. This work could form the basis of a futures trading strategy or can help you time monthly mutual fund purchases. Without a doubt, it has applicability to all traders. Andy Ratkai, CFA, recently published an article reminding us to rely on our own work, and not to become overly invested in the opinions of others. It seems like a nice way to start trading this year, consciously resolving to ignore the talking heads on CNBC and in the press and doing our own work. Finally, Dave Aronson, CMT, has written a book asking us to think about raising the bar in our research. Statistical significance would increase the credibility of technical research and should increase your trading profits, a true win-win outcome. I conclude by quoting an old Wall Street adage, “May your best trade of last year be your worst trade of the New Year.” Mike Carr, CMT Editor, Technically Speaking [post_title] => Technically Speaking, January 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-2007 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:00:53 [post_modified_gmt] => 2020-08-03 15:00:53 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48738 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 444264 [post_id] => 48738 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:4:"1121";} ) )

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