Dick Arms

Dick Arms

Richard Arms was a financial consultant to institutional investors and a private portfolio manager based in Albuquerque, New Mexico, until his death in March 2018. Dick wrote five books on Technical Market Analysis, focusing always on volume of shares traded, not just the price. Dick had an immensely invigorating mind, and his passions were reading, writing and storytelling. Read his full obituary here: Dick Arms obituary.

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You probably noticed we changed the format of Technically Speaking. The new one-column format is in response to feedback from readers. This format should make it easier to read and print the newsletter. Hopefully you have not noticed any change in the quality of the content.  Each month, we strive to bring you useful information and our focus on highquality content will never change. We will continue fine tuning the format over the next few months and each small change should make the newsletter more readable. Please let us know what you think of the new style and also, please continue sending your submissions to Sincerely, Michael Carr [post_title] => Technically Speaking, June 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-june-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:24 [post_modified_gmt] => 2020-08-03 15:31:24 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 373643 [post_id] => 44891 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"24806";} ) [1] => stdClass Object ( [ID] => 48120 [post_author] => 2 [post_date] => 2009-03-15 12:00:58 [post_date_gmt] => 2009-03-15 16:00:58 [post_content] =>

Letter from the Editor

In this issue of Technically Speaking, we provide a great deal of information on market breadth. An interview with well known technician Dick Arms provides insight into the work and current thinking of an industry legend. Several articles detail a small part of the work of Dr. Humphrey Lloyd, unknown to the majority of technicians. Although trained as a pathologist, he has written widely on technical analysis and has developed unique and useful indicators. In learning about Dr. Lloyd’s work, I personally was struck by the similarity to the life of a technician who came to the field late in life but produced more than many others who spend their whole lives researching market action – Arthur A. Merrill, CMT. Both enjoyed great success in their original profession. Both brought the skills they employed in that profession to the markets. Both men were prolific authors, sharing their knowledge with all who wished to learn. But the most defining characteristic of both is that they can best be described as “gentlemen.” This is an adjective that few aspire to in the current environment. Wall Street is more associated with greed than anything else today. But there are still gentlemen and gentlewomen in our field, and I strongly urge the young technicians to reach out to them and learn about technical analysis, and life, from these examples of the life well lived. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, March 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-march-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-21 17:59:42 [post_modified_gmt] => 2020-03-21 21:59:42 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 428088 [post_id] => 48120 [meta_key] => newsletter_content_6_contributor [meta_value] => a:2:{i:0;s:5:"24806";i:1;s:5:"47988";} ) [2] => stdClass Object ( [ID] => 48383 [post_author] => 2 [post_date] => 2008-05-15 12:00:29 [post_date_gmt] => 2008-05-15 16:00:29 [post_content] =>

On the Campus

This month, instead of A Letter from the Executive Director and from the Editor, we have decided to provide you with an update from the MTA Educational Foundation. This new column is one we are looking to run frequently in upcoming issues of Technically Speaking.

The MTA Educational Foundation at Howard University

Fred Meissner, Charlie Kirkpatrick, and I, Phil Roth, all lectured at Howard University this spring. Prof. William Barbee, in the business school at Howard University, has been conducting a course in technical analysis for a number of years. The MTAEF has been assisting him with guest speakers. I have been giving a lecture in sentiment and supply/ demand indicators for four years. I spoke this year on April 22, using a Powerpoint presentation that the MTAEF developed. I have made presentations at many colleges and universities, including, among others Tulane, Cornell, Georgia Tech, Baruch, and the University of Texas, and have been conducting my own course in the Graduate School of Business at Fordham University in New York for six years. I am always impressed by the caliber of students at Howard, and their interest in the markets and technical analysis. Prof. Barbee helps generate the interest by asking questions about the indicators and the sources of the data. Fred Meissner: A couple of week’s ago, I had the pleasure of teaching at Howard University. I have been teaching a class at this school for several years, and really enjoy Dr. Barbee and the students. The class is scheduled for the end of the day and I almost always run over time because the interest level of the students is so high. I usually teach the Intermarket analysis module of the course, but as always we had a fairly wide ranging discussion – Dr. Barbee’s students are almost always well prepared and are interested both in the material as well as the markets themselves. Because they are well versed in the fundamentals they keep me on my toes! It is tremendously rewarding to teach a class in Technical Analysis. When I started in the business back in 1983 there were no such classes, and unless one was lucky enough to find the right books, or find a mentor, knowledge was almost impossible to come by. One of the reasons that I became involved in the MTA way back when was to help others learn and to spread the word. Readers may recall that my first big job with the association was as Regions Chair. It still excites me to see chapters I helped to form going strong, and now providing teachers for the MTA course. All CMT’s, and older, experienced members, should consider volunteering as a teacher. It is a great way to give back to the community, and to spread the knowledge that has been so rewarding to all of us. Charlie Kirkpatrick: Professor William C. ‘Kip’ Barbee has taught technical analysis for many years as a full credit course in the Howard University School of Business. Kip is known for several research papers on relative earnings, value, and price strength and has been published frequently in academic journals. Howard University is the premier African-American university and is located in Washington DC. As part of the MTA Educational Foundation effort to help universities in teaching technical analysis, I had the privilege of lecturing to Professor Barbee’s class this spring on the subject of price patterns. Approximately 30 students attended the class, the full number enrolled. The students were asking numerous questions and showed extreme interest in how to use patterns to profit. Indeed, the enthusiasm was so high, I didn’t get to finish the talk but ran out of time. Professor Barbee was thrilled, as was I, to see such excitement over technical analysis. [post_title] => Technically Speaking, May 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-may-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-24 17:59:35 [post_modified_gmt] => 2020-03-24 21:59:35 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 432533 [post_id] => 48383 [meta_key] => newsletter_content_4_contributor [meta_value] => a:2:{i:0;s:4:"7251";i:1;s:5:"24806";} ) )