Jeremy du Plessis, CMT, FSTA

Jeremy du Plessis, CMT, FSTA

Jeremy du Plessis, who holds the Chartered Market Technician (CMT) designation, has been involved with technical analysis since 1981 and founded Indexia Consulting Ltd to produce technical analysis software. He pioneered the computerization of Point and Figure charts, in particular the automation of trend & targets and the drawing of log-scaled charts in the early 1980s. In 2001 the company merged with Updata PLC in London where Jeremy served as the Head of Technical Analysis and Product Development until 2016, when he departed to continue his work on a consultancy basis. The company’s software is used worldwide by major banks, fund managers and energy companies. Jeremy joined the CMT Association in 1987 and was awarded his CMT in 1997. He teaches and lectures on Point and Figure charts internationally and is the author of The Definitive Guide to Point and Figure.

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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] => 360275 [post_id] => 44248 [meta_key] => newsletter_content_10_contributor [meta_value] => a:2:{i:0;s:4:"1145";i:1;s:4:"7251";} ) [1] => stdClass Object ( [ID] => 47227 [post_author] => 2 [post_date] => 2011-05-15 12:00:13 [post_date_gmt] => 2011-05-15 16:00:13 [post_content] =>

Letter from the Editor

This issue covers several basics of technical analysis. It’s often helpful to step back from the complexity we create in our field and review the time tested ideas that technical analysis has been built on. George Schade, CMT, offers a historical perspective on the widely used stochastic oscillator. He has painstakingly researched the origin of this indicator and shows us how it was developed and explains the history of the indicator. We often forget that there was time before computers and data was difficult to obtain, and very expensive when it was found. This article takes us back in time to those simpler times, which in many ways required deeper market analysis and a greater understanding of how prices moved. Phil Roth, CMT, details his recent experience of teaching technical analysis at a university. Phil is a major contributor to the course developed by the MTA Educational Foundation, and those wanting to learn more about the Foundation’s work can stop by their workshop at the Annual Symposium, or they can contact the Foundation directly. The ready-made course is a comprehensive summary of technical analysis, and is a tribute to Phil and those he worked with on its development. I am hoping to meet many of our readers at the MTA Symposium this month. My opinion is that this annual event is one of the most valuable benefits of membership, and judging from the fact that the event has sold out, I am not alone in that assessment. Please let me know when we meet what articles you’d like to see in upcoming issues of the newsletter, or email me at Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, May 2011 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-may-2011 [to_ping] => [pinged] => [post_modified] => 2020-03-11 16:41:09 [post_modified_gmt] => 2020-03-11 20:41:09 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 410616 [post_id] => 47227 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:4:"1145";} ) )