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Fred Meissner, CMT

Fred Meissner, CMT

Fred Meissner, who holds a Chartered Market Technician (CMT) designation, is the founder and President of The FRED Report. His professional career spans 34 years in the investment business. Fred has a multifaceted background encompassing market analysis, trading strategies/portfolio management and business development/relationship management in diverse environments. He is known as creative and intuitive thinker who leverages extensive knowledge of financial markets and economic trends to consistently generate significant profits.

A team builder and leader who has a track record of successfully guiding groups towards organizational goals, Fred has high multicultural awareness and knowledge of international business practices acquired through extensive travel and education abroad. Fred’s working career includes senior market analysis positions at The Robinson – Humphrey Company (at the time, the largest regional brokerage in the United States), Merrill Lynch and Co., Inc. (at the time, the largest national brokerage in the United States), and four years as President of the CMT Association (the largest association of professional technical analysts in the world). While President of the CMT Association, that organization moved to a new structure encompassing the hiring of professional managers, and successfully changed Sarbanes-Oxley to include the CMT designation as an exemption to the Series 86 requirement for financial analysts. This effectively placed the CMT on par with the CFA (Chartered Financial Analyst), thus making Technical Market Analysis and traditional Fundamental Analysis equal in the eyes of FINRA and in the securities laws of the United States of America.

Fred holds a BS degree in Business Administration (with a minor in Economics) from Trinity University in San Antonio, Texas, and an MA degree from The University of California, Los Angeles (UCLA) in Latin American Studies encompassing an interdisciplinary curriculum of International Business, History, and Sociology.

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            [post_content] => With the vaccine roll-out in full swing, we can truly see the light at the end of the tunnel. For those of us in the colder Northern climates, the pending Spring is double good news since we’ve been cooped up inside our own homes. Who cannot wait to go to their favorite restaurant and not have to wear a parka?

The downside? Now we have to shed those pandemic pounds so we can wear more than sweat pants. I think I’ll take that.

Since mid-February, the markets have finally been interesting. Tech investors saw a “correction” while at the very same time portions of the rest of the market were at all-time highs. Gold is in the tank but oil is at multi-month highs. Remember last year when it went negative? Fun times – not. And have you seen copper?

Then, of course, there is all that debt out there. Liquidity … until the piper shows up for payment.

On a more somber note, over the past few weeks we’ve lost three great people and assets to the Association. Les Williams was a model of involvement, with participation and leadership in many areas in the Association over the years. Not only that, he was a genuinely nice guy and his signature adorns the CMT charter hanging on my wall. Bernadette Murphy, who was known to greater Wall Street as a leader for decades, was instrumental in legitimizing technical analysis as a true investment discipline. Younger members may not know of her, but they should. Memorials for both of these great people are in this month’s edition, and this month’s photo archive features a few shots of them. We've also got a brief tribute to Bill Sharp, co-founder and past President of the CSTA - the technical society in Canada.

This month’s member interview is with Michael Gayed CFA, who is a multiple winner of the Dow Award and awards from other groups. Walter Deemer, a now-retired technical analysis veteran, has put decades of his writings and analysis online for all to see. What was it like in the 60s, 70s, 80s and 90s? Just read his comments.

He also happens to be the subject of this month’s Fill the Gap, the CMT Association's official podcast.

Of course, we have news from the Association, and President Scott Richter offers his thoughts about helping our colleagues out of any lingering career effects from the pandemic.

Don’t forget, you can submit articles for publication here. As long as they are about technical analysis or the business (not forecasts) we want to see them. Yes, even from brand new analysts. Write something. How do you think I, a physics major in college, got to be a columnist and editor? I wrote – a lot. Now it is your turn.

We want your photos, too. Book reviews, software reviews, thoughts on regulation, anything that members would find useful or interesting relating to technical analysis.

Michael Kahn, CMT

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            [post_content] => As we turn the page on another summer season, well, here in the Northern Hemisphere, traders return from the Hamptons, or wherever they park their yachts, and supposedly liquidity comes back with them. But this is no ordinary year. Between on-again, off-again trade talks with China, negative interest rates overseas and volatility during the usually quiet dog days of late August, who knows?

The yield curve inverted again while long rates plummeted to super oversold levels. Gold scored a long-term breakout, and who gave the silver market a triple espresso? Yet through it all, the NYSE advance-decline line hit a new all-time high before Labor Day.

It’s been relatively quiet on the Association front, as you would expect during the late summer. However, things are ramping back up. The first item to note is that we are now accepting submissions for the 2020 Charles H. Dow Award (details within).  Registration for the next CMT exam cycle remains open, and we are welcoming a new crop of freshly-minted CMT charterholders into the fold.

This month, we’ve got an article by Stefanie Kammerman discussing dark pools. We all can agree that volume analysis has been somewhat ineffective over the past decade and one reason is that a lot of trading takes place off the exchanges. Whether you believe it or not, it is an interesting thought.

And Christopher Cain, CMT, is back with another article, this time explaining how his firm combines technical data with fundamentals and some quant methodology to only buy quality companies in rising trends.

This month’s member interview is with Fred Meissner, CMT, who has been a big supporter of the Association and has served in many positions over the years, including president.

And what has become my own favorite chapter, Minnesota, offered yet another speaker review from its monthly meeting. Come on, other chapters. We want to know what you are all up to these days. Send in your speaker reviews.

And while I am on a roll, how about individual members volunteer to send in your own reviews of relevant books you’ve read or lectures you’ve attended? Share the knowledge!

Michael Kahn, CMT

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LETTER FROM THE EDITOR

The MTA Educational Foundation (MTAEF) will be cosponsoring an event marking the 160th anniversary of the birth of Charles Dow. On November 3, there will be a celebration at the Museum of American Finance. You can learn more at http://go.mta.org/117 Among the speakers will be Robert W. Colby, CMT. We have included an article he wrote several years ago about Dow Theory in this month’s newsletter. It is the first of several articles we are offering on the revered technical tool in this month’s Technically Speaking. Paul Shread, CMT, offers a more detailed look at several aspects of the Theory. We are also offering highlights of a presentation that Ralph Acampora, CMT, made in May 2009 on the Dow Theory. Ralph will be the Master of Ceremonies at the event. We are continuing our efforts to provide members and affiliates with more information about ethics, not because that is a problem area within our organization but because it is what helps define us as professionals. Like the Dow Theory, the MTA’s Code of Ethics has also proven to be timeless. We would appreciate any suggestions you have on topics to cover in upcoming Ethics Corner articles. Please send them to editor@mta.org. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, October 2011 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2011 [to_ping] => [pinged] => [post_modified] => 2020-03-25 13:23:08 [post_modified_gmt] => 2020-03-25 17:23:08 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=47100 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 407364 [post_id] => 47100 [meta_key] => newsletter_content_6_contributor [meta_value] => a:2:{i:0;s:4:"2207";i:1;s:5:"43131";} ) [3] => stdClass Object ( [ID] => 48627 [post_author] => 2 [post_date] => 2007-08-15 12:00:38 [post_date_gmt] => 2007-08-15 16:00:38 [post_content] => * Due to time sensitive submissions there will not be a letter from the Executive Director or Editor this month. * [post_title] => Technically Speaking, August 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2007 [to_ping] => [pinged] => [post_modified] => 2020-03-26 12:15:09 [post_modified_gmt] => 2020-03-26 16:15:09 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48627 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 442431 [post_id] => 48627 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:4:"2207";} ) [4] => stdClass Object ( [ID] => 48717 [post_author] => 2 [post_date] => 2007-02-15 12:00:44 [post_date_gmt] => 2007-02-15 17:00:44 [post_content] =>

From the Executive’s Desk

The month of January traditionally sees the start of many initiatives as attention turns to the New Year. The MTA is no different. This past month saw the culmination of several initiatives that was in process and the start of some exciting new initiatives. Let me describe them for you. On the completed side This month, we “kicked-off” several initiatives On the Horizon

Be on the lookout for announcements on these sessions and please sign-up early.

Be on the lookout for announcements on these sessions as well and again, please sign-up early. Sincerely, Tom Silveri MTA Executive Director [post_title] => Technically Speaking, February 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2007 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:01:27 [post_modified_gmt] => 2020-08-03 15:01:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48717 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 444118 [post_id] => 48717 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:4:"2207";} ) [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] => 444646 [post_id] => 48738 [meta_key] => newsletter_content_8_contributor [meta_value] => a:1:{i:0;s:4:"2207";} ) )

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