public

Garry Rissman

Garry Rissman

Bio Coming

Array
(
    [0] => stdClass Object
        (
            [ID] => 52014
            [post_author] => 2
            [post_date] => 2006-07-15 12:00:20
            [post_date_gmt] => 2006-07-15 16:00:20
            [post_content] => 

From the President’s Desk

Your new officers and board members for the 2006-2007 year are now all in place and have already dug in and begun to work. I want to welcome the two new directors, Sherman McClellan and Bruce Kamich, who joined the Board on July 1. Sherman is a long-time technician and first time Board member. Bruce is a past President of the MTA. Since our last newsletter the certification committee has completed the grading of the CMT 3 tests, and the results are quite gratifying for all of us involved in the accreditation process, as well as the candidates. Two-thirds of the candidates passed the demanding four-hour essay examination and are now in line for their Chartered Market Technician designation. The solid pass rate is a testimony to the quality of the candidates and to their knowledge and preparation. On behalf of the Board of Directors, I congratulate them. If they are already members or when they complete the membership process, they will be awarded their CMT’s. Our annual long range planning meeting is scheduled for September 9 in New York. You will be reminded of the precise location and time on the MTA web site and in the newsletter. The long range planning meeting is one of the few times the MTA Board can get together face-to-face to discuss at length the important issues facing the MTA and the profession of technical analysis. Our Board members are scattered across the U.S. (and Canada). The meeting is, of course, open to the whole membership, and the Board encourages participation from all members. If you want to offer your opinions, you can attend or you can make your wishes known to the Board. You can email me or any other Board member with questions or comments if you are not able to attend in person. The search for a new Executive Director goes on. The Search Committee has additional applicants to consider. However, the MTA Board would like to make it clear that it is still open to suggestions for new candidates. If you have experience in running a small business (the MTA has a five-person staff), especially if you have experience with not-for-profit organizations, or if you know someone with that background, let us know. Knowledge and interest in technical analysis are important criteria, but the ability to manage, and to work with and encourage volunteers are critical. We are looking for someone with good verbal and written communication skills and the ability to analyze financial data and make business strategy decisions. There is some travel involved, including visiting chapters and prospective chapters, and in seminar planning and execution. We are offering competitive compensation with comparable not-for-profit organizations in the New York metropolitan area. As you know, the MTA office is presently in Woodbridge, New Jersey (less than an hour from New York), but we remain committed to moving the office back to New York as soon as possible. Cover letters and bios can be sent to me at the MTA office by email or regular mail. The vacation season is in full force. But the MTA is a year-round operation and the Board members and committee chairs will be working hard. There will be monthly educational meetings, regular Board meetings, and normal committee functions throughout the summer. The seminar committee is working on the agenda for the winter getaway and is planning the spring seminar in New York. If you have suggestions for speakers and topics, please let us know. In the meantime, it is business as usual for the staff in Woodbridge. If your summer plans take you to the New York-New Jersey area, then stop in our office, say hello, and browse in the library. Sincerely, Phil Roth, CMT President [post_title] => Technically Speaking, July, 2006 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-july-2006 [to_ping] => [pinged] => [post_modified] => 2020-08-05 12:03:35 [post_modified_gmt] => 2020-08-05 16:03:35 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52014 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 533651 [post_id] => 52014 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"52016";} ) [1] => stdClass Object ( [ID] => 52098 [post_author] => 2 [post_date] => 2006-04-15 12:00:20 [post_date_gmt] => 2006-04-15 16:00:20 [post_content] =>

From the Editor’s Desk

On the cover of this month’s issue, we pay our respects to Jerry Favors. Mr. Favors was an early icon of technical analysis that came onto the financial scene in the mid-1980s. He was known for his respect for and deep knowledge of the works of the old masters of technical analysis like Edson Gould and George Lindsay. His work was widely known and highly respected throughout the financial world. Young technicians should consider picking up where Mr. Favors left off by exploring the works of the old masters that he loved so much. Inside, we present a new addition to Technically Speaking. Meet A CMT. This monthly column interviews a relatively new, up-and-coming CMT for the purpose of introducing him or her to the Membership. Kudos to Contributing Editor Garry Rissman for a job well done on this inaugural column. Also inside is another new addition to TS, our Letters To The Editor column, and also an update on the MTA’s Educational Seminar in New York City this May. Finally, I’d like to announce that this will be my last issue as the Editor of Technically Speaking. Our Nominating Committee has decided to go in a different direction, with a new slate of incoming officers for the upcoming MTA elections in June. As an outgoing Board member, I believe it is in the best interests of the Association to turn the reins over to the incoming Board as soon as possible so they can get off to a running start with their own agenda and initiatives. I believe an integral part of that should be installing a new Editor, since Technically Speaking is the voice of the MTA and a means for the incoming Board to inform us of its new direction and to support its new policies. As outgoing Vice President, I tried to use my position as Editor to do that very thing, and the new Board should have the opportunity to do so as well. Please take the time to carefully read the columns written by Jordan Kotick and John Kirby, our outgoing President and Executive Director. Jordan’s column gives a detailed overview of the changes that took place within your MTA during the past few years, and John provides us with a detailed look at the MTA’s current financial condition. I am very proud to have been a part of this Board which made a lot of changes that, although unpopular in some circles, turned the MTA from a 25-year old private club to a world-recognized professional society who’s CMT I and II tests are now accredited as a surrogate for the Series 86 exams. Special thanks to my Board colleagues and friends Jordan Kotick, Barry Sine and John Kirby who made it all happen, and best of luck to the incoming Board members and to the MTA. John Kosar, CMT Editor [post_title] => Technically Speaking, April, 2006 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2006 [to_ping] => [pinged] => [post_modified] => 2020-08-05 16:29:16 [post_modified_gmt] => 2020-08-05 20:29:16 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52098 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 536227 [post_id] => 52098 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"52016";} ) [2] => stdClass Object ( [ID] => 52167 [post_author] => 2 [post_date] => 2005-11-15 12:00:41 [post_date_gmt] => 2005-11-15 17:00:41 [post_content] => From the Editor’s Desk “November Issue of Technically Speaking” I believe these past several years have been the most dynamic and important ones in the history of the MTA. During this time, the MTA grew up. We went from an obscure social club primarily for New-York-based technicians, to a professional regulatory organization (PRO) with an industryaccepted professional certification program, computerized testing and a new state-of-the art computer platform to service its Membership. But, with growth and success often comes change – you just can’t get around it. One of these changes has been our relationship with IFTA, the International Federation of Technical Analysts that our own Ralph Acampora founded many years ago. On the cover, MTA President Jordan Kotick explains our current relationship with IFTA and how we arrived there, and also shares some of the dialogue that he has had with IFTA President Bill Sharp to try to resolve our current conflict. Being on the MTA Board myself, I realize we have already sent out a very detailed account of this issue. But, because we feel it is so important for us to make every effort to accurately inform the Membership on the details of this issue, we would rather provide a little too much information than not enough. Inside, Contributing Editor Mike Carr, covers the July 16th meeting of the Denver Chapter, which featured a presentation by Andy Ratkai on Insider Trading. Also inside, Contributing Editors Jeannette Young and Garry Rissman provide detailed coverage of the October meeting of the New York City Chapter, which featured a presentation by Christopher Cady on Market Profile. Market profile is a relatively obscure charting technique that is very popular with floor traders. This issue also features a “how-to” article by professional trader Austin Passemonte, who uses mathematically-derived pivot point numbers to determine market trend and trading opportunities. Finally, just a quick reminder to make your reservations for the MTA’s 2006 Winter Retreat to be held on January 20th and 21st at the Four Points Sheraton in Miami Beach.. Each session will explore technical analysis from a different perspective, including trading, research and portfolio management. It looks to be a great event, not to mention just being in Miami in January is a great event in itself. Hope you enjoy this issue. John Kosar, CMT Editor [post_title] => Technically Speaking, November, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-06 17:27:27 [post_modified_gmt] => 2020-08-06 21:27:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52167 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 538174 [post_id] => 52167 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"52016";} ) [3] => stdClass Object ( [ID] => 52283 [post_author] => 2 [post_date] => 2005-10-15 12:00:55 [post_date_gmt] => 2005-10-15 16:00:55 [post_content] =>

From the Editor’s Desk

As I write this, the commentators on financial television are working themselves into a frenzy as the S&P 500 has just declined below its 200-day moving average for the first time since early July. The index’s negotiation of this widely-watched major trend proxy characterizes the indecision in the financial markets right now as the marketplace ponders the economic effects of two hurricanes that recently destroyed the US gulf coast. Our cover article by Thomas Neuhaus discusses this very topic: the market’s historic reaction to natural disasters. It is both timely and interesting.  Inside, Contributing Editor Garry Rissman has provided us with the dialogue and some great photos from the question and answer session of the the MTA’s 2005 Market Forecast Panel held at the American Management Association headquarters on September 12th in New York City. Panelists included Gail Dudack, CMT, Katie Townshend, CMT, Louise Yamada, CMT, and Jeanette Schwartz Young, CFP, CMT. Also inside, Chicago Chapter Chair Ross Leinweber reports on the August 31st regional meeting in Chicago that featured Buff Dormeier, CMT’s discussion of volume as a confirmation tool. Finally, in the last of a three-part series of how-to articles by Dave Landry of Harvest Capital Management, Dave answers some frequently-asked questions about swing trading. One last reminder: Don’t forget to sign up for the MTA’s Second Annual Mid-Winter Retreat to be held on January 20th and 21st at the Four Points Sheraton in Miami Beach. Each session of this retreat will discuss technical analysis from a different professional perspective: that of the trader, the analyst and the portfolio manager. The relaxed format will also allow time for experienced technicians to sit down and share ideas with one another, which is often one of the most valuable and memorable parts of these events. Just being in Miami Beach in January can be pretty memorable, too. Hope you enjoy this month’s issue. John Kosar, CMT Editor [post_title] => Technically Speaking, October, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-12 11:35:55 [post_modified_gmt] => 2020-08-12 15:35:55 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52283 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 540197 [post_id] => 52283 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:5:"52016";} ) )

Contributions