Cynthia A. Kase, CMT, MFTA

Cynthia A. Kase, CMT, MFTA

Cynthia A. Kase, CMT, MFTA is the president of Kase and Company, Inc. CTA, founded in 1992. With a BS UMass and an ME Northeastern, both in chemical engineering, she worked in that field for 10 years before beginning her trading career at Chevron International.  She traded physical cargos of crude oil and refined products, as well as energy futures and derivatives for Chemical Bank, and then acted as an advisor on technical analysis and energy hedging to what is now Saudi Aramco.

As president of Kase and Company, Inc., Cynthia has advised major corporations and institutions on energy hedging and trading strategies, as well as designed technical analysis studies and forecasting programs including her acclaimed Kase Statware.

Kase has won numerous awards including “Best Commodity, Energy, and Power, Research and Strategy” from Technical Analyst Magazine. Her 13-part video series and workbook Kase on Technical Analysis has been hailed as a “superb resource” on modern technical analysis.

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Ethics is the lead story in this month’s magazine. The MTA is adopting a large body of knowledge related to all areas of finance through a licensing agreement with the CFA Institute. All finance professionals, whether they analyze fundamental, quantitative or technical data, share common goals (finding profitable opportunities) and share a common operating environment. Given all of the commonalities, it’s not surprising we share the same ethical requirements. This new body of knowledge will not require members of the MTA to change anything they do professionally. The original MTA Code of Ethics was comprehensive and covered all of the important standards of professional behavior. The shortcoming was a lack of case studies and examples of how to apply the Code. This licensing agreement makes all of the CFAI’s Code and Standards developed over several decades available to MTA members. For CMT candidates, this licensing agreement provides clear readings which will make studying for the exam a more efficient process. In short, there are no changes required of MTA members to meet the requirements of the new Code and Standards. One benefit is that there are now examples of how to apply ethics in everyday situations. Another benefit is the clear material that CMT candidates will have to study ethics so that there will be no surprises on the exam related to ethics. In short, we have found a risk-free opportunity to partner with the CFA Institute and we are excited to begin the next stage of the MTA’s growth. We also have articles related to the tools technicians use to analyze the markets and the techniques they apply to find profitable trading opportunities. As always, we welcome your feedback on what you would like to see in future issues of Technically Speaking. Please let us know by emailing us at Sincerely, Michael Carr [post_title] => Technically Speaking, May 2015 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-may-2015 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:41 [post_modified_gmt] => 2020-08-03 15:31:41 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 360012 [post_id] => 44248 [meta_key] => newsletter_content_8_contributor [meta_value] => a:2:{i:0;s:4:"2540";i:1;s:4:"7251";} ) [1] => stdClass Object ( [ID] => 44322 [post_author] => 35924 [post_date] => 2015-04-15 12:00:33 [post_date_gmt] => 2015-04-15 16:00:33 [post_content] =>


Once a year, the MTA Symposium assembles a lineup of great speakers yet some of the best technicians attending are in the audience. Symposiums have long been one of the most valuable of MTA membership and now technology makes it possible to extend that benefit to all members. Videos of the presentations will soon be available on line. Discussion forums on the MTA web site allow members to exchange ideas about the presentations or any other topic of interest.  In this month’s Technically Speaking we try to start the conversation about speakers with an article featuring the wisdom of a few presenters. This month’s newsletter also highlights the fact that chapter meetings offer another way for members to hear from great speakers. Leslie Jouflas, CMT, shares insights from Market Wizard Ed Seykota’s recent presentation in Washington. We also have new ideas about how to apply the principles of technical analysis in this issue and we’d like to hear from you about how you apply those principles. If you have ideas for articles in upcoming issues of the newsletter, please send me a note at Sincerely, Michael Carr [post_title] => Technically Speaking, April 2015 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2015 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:40 [post_modified_gmt] => 2020-08-03 15:31:40 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 362160 [post_id] => 44322 [meta_key] => newsletter_content_6_contributor [meta_value] => a:1:{i:0;s:4:"2540";} ) [2] => stdClass Object ( [ID] => 44625 [post_author] => 35924 [post_date] => 2014-11-15 12:00:12 [post_date_gmt] => 2014-11-15 17:00:12 [post_content] =>

Letter From The Editor 

Many readers already know that Fred Dickson, CMT, passed away at the end of October.  In this issue, we look at an example of his work. It is an amazing example of clarity and focus and provides an example of how to turn ideas into actions.  Fred dedicated much of his life to helping others turn ideas into actions. As with most great individuals, outstanding professional accomplishments are just one small part of their life.  Gail Dudack, CMT, notes, "Fred was probably the smartest and most gentile person i have known.  And while he had a great reputation on Wall Street and CNBC, his true passion was counseling people who needed help and he did this for decades as deacon of his church.  He was always there if you needed him.  But his greatest passion was his harem: wife Linda, daughters Kathy and Barbara." Fred also played a significant role in turning the ideas of technical analysis into a respected profession.  It is impossible to overstate the impact Fred had on the MTA.  He became a member in September 1978 and served as president from 1983 tom 1984.  Fred earned his CMT designation in April 1991. Ralph Acampora, CMT, credits Fred with kick starting the CMT program.  Ralph noted that Fred personally wrote the first 300 questions for the exam.  Ralph also recalled that there was a period of time when the MTA Library was homeless and Fred stepped in to keep the library functioning.  Along with his wife, Linda, Fred moved the books to his garage and made them available to members while the MTA looked for a new home. In all likelihood, Fred would prefer that we take inspiration from his life rather than isolated memories.  Even if never had the opportunity to meet Fred, consider Gail Dudack's comments as a summary of his personality and consider Ralph's recollections as a summary of his commitment to his profession.  We can all find inspiration in his life and acting on those inspirations would be the legacy Fred would desire and deserves. Sincerely, Michael Carr [post_title] => Technically Speaking, November 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-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] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 368434 [post_id] => 44625 [meta_key] => newsletter_content_8_contributor [meta_value] => a:1:{i:0;s:4:"2540";} ) [3] => stdClass Object ( [ID] => 44811 [post_author] => 35924 [post_date] => 2014-08-15 12:00:54 [post_date_gmt] => 2014-08-15 16:00:54 [post_content] =>


Technically Speaking includes an interview with a practicing technical analyst almost every month. This month, we feature Amber Hestla-Barnhart’s exchange with Cynthia A. Kase, CMT, MFTA. Cynthia’s interview is striking for several reasons. A standard question in each interview is “What advice would you have for someone starting in the business today?” The answers to this question are always interesting. This month, Cynthia provides a list of what every technician should consider as they strive for success. All readers, new and experienced analysts, should consider spending a few hours working through this list. Cynthia lists 13 short pieces of advice in her answer. Each one of them is important. Technical analysts, and any other professional, will need to “be realistic about the “cost” of meeting your goals. Be prepared to “pay the price.” The other twelve items on the list are equally succinct but could require hours of thought to understand. If you find these interviews and our other content to be valuable, or if you would like to be the subject of an interview, please email us at to provide your thoughts. Sincerely, Michael Carr [post_title] => Technically Speaking, August 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:23 [post_modified_gmt] => 2020-08-03 15:31:23 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 372092 [post_id] => 44811 [meta_key] => newsletter_content_2_contributor [meta_value] => a:2:{i:0;s:4:"2540";i:1;s:5:"43131";} ) [4] => stdClass Object ( [ID] => 48229 [post_author] => 2 [post_date] => 2008-10-15 12:00:33 [post_date_gmt] => 2008-10-15 16:00:33 [post_content] =>

Letter from the Editor

This issue of Technically Speaking presents information from some of the giants in the field of technical analysis. On the cover, we feature an in depth study from Cynthia Kase on the feasibility of spread trading. Her conclusions are precise and implementable, and the  statistical support she provides makes them reliable. This is an example of the type of work being done more often in our field, and her contribution raises the bar for testing ideas. A summary of John Bollinger’s career is inspirational, and demonstrates that this is a field of change. We need to study the past, but constantly develop new tools based upon changing markets and changing technologies. John is at the cutting edge of implementing technical analysis techniques with fuzzy logic and other advanced ideas. It is well worth the time to take a look at or any one of the eight web sites he maintains. Andrew Cardwell is a lesser known name in our field, but has shown one way to succeed – completely study a single indicator and learn everything about it. He is the acknowledged expert on the Relative Strength Index (RSI), and was the first to identify Range Rules that help traders know whether a market is bullish or bearish. Andrew has developed other  techniques with RSI that deserve your attention, and that have helped many other traders profit in volatile markets. His bearish call in stocks for the past year, based solely upon RSI, has been dead on, and is just one the several market forecasts he’s been able to gain from recently. We also have an update on the Long Range Planning Conference that the MTA recently conducted. Our organization is growing rapidly, without losing sight of the fact that the most important thing is to focus on the members. We are well served by the leadership, and they have well thought out plans to increase the value of the CMT program and the MTA. Sincerely, Mike Carr, CMT Editor [post_title] => Technically Speaking, October 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-24 12:23:59 [post_modified_gmt] => 2020-03-24 16:23:59 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 430074 [post_id] => 48229 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:4:"2540";} ) )