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John R. McGinley, CMT

John R. McGinley, CMT

John R. McGinley, CMT is Editor of TECHNICAL TRENDS, the Indicator Accuracy Service. For more information, please contact John at jmcgoo@post.harvard.edu or 203-762-0229.

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Letter from the Editor

The goal of Technically Speaking is to deliver timely and useful research to MTA members. Since switching to our electronic format, we do feel that we improved our ability to meet these goals. We have significantly expanded our use of charts, and we introduced full color charts. This format also means that we are now able to publish longer research pieces alongside shorter articles. All of these changes make Technically Speaking more of a benefit to our members as a source of ideas and as an avenue for being published. That first benefit is obvious - ideas are always welcome to traders and investors alike and serve as a starting point for individual research. In today’s job market that second benefit may be overlooked but even more valuable.  Being published in a professional publication is a great addition to any resume. It demonstrates that you can not only analyze the markets using technical analysis, but also that you can detail this analysis and present it in an understandable manner. Many positions require the ability to communicate strategies to traders, sales staff, or clients and a published article offers proof that you have this skill. I hope you’ll consider sharing your research and analysis with the members of the MTA, whether you’re a seasoned professional or new to the field. As always, we are looking for longer term work – we can’t publish short-term market forecasts although these are perfectly suited for the Technical X-Change section of the Knowledge Base that is maintained on the MTA web site (http://knowledgebase.mta.org/). Some great examples of the diverse topics we’d like to publish are in this month’s issue, which we hope you’ll enjoy reading. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, March 2010 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-march-2010 [to_ping] => [pinged] => [post_modified] => 2020-03-20 12:45:27 [post_modified_gmt] => 2020-03-20 16:45:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=47821 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 420751 [post_id] => 47821 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"47835";} ) [1] => stdClass Object ( [ID] => 47846 [post_author] => 2 [post_date] => 2010-02-15 12:00:56 [post_date_gmt] => 2010-02-15 17:00:56 [post_content] =>

Letter from the Editor

In this month’s issue of Technically Speaking, we offer several short articles that could stimulate some fresh thoughts on the markets. John R. McGinley, CMT, offers details on a reliable January indicator. What is interesting about his work is that he includes a test of statistical significance, a step lacking in most articles written about technical indicators. We are also reprinting a very readable explanation of the chi squared test written John’s friend and mentor, the late Arthur Merrill, CMT. We follow this with some very specific trading lessons. Mike Moody, CMT, quantifies how much following a disciplined approach can be worth in “The $ Value of Patience.” Ken Winans, CMT, contributes an article which shows that simple strategies can work very well. David Penn of TradingMarkets.com also explains a specific trading strategy. Bob Palmerton, CMT, provides details on a disciplined way to look at the markets each day. Finally, we have some reviews of trading tools developed by MTA members. We are always happy to bring your work to the attention of others. Books can be reviewed as Adobe files so that the article can be published at the time the book is being formally released. Please email us at editor@mta.org to arrange for a review, or to contribute an article that will be read by thousands of MTA members and affiliates around the world. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, February 2010 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2010 [to_ping] => [pinged] => [post_modified] => 2020-03-20 14:28:07 [post_modified_gmt] => 2020-03-20 18:28:07 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=47846 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 421228 [post_id] => 47846 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"47835";} ) [2] => 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] => 536281 [post_id] => 52098 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"47835";} ) [3] => stdClass Object ( [ID] => 52524 [post_author] => 2 [post_date] => 2005-02-15 12:00:44 [post_date_gmt] => 2005-02-15 17:00:44 [post_content] =>

From the Editor’s Desk

Last month’s newsletter included an article by William Sarubbi, MBA, CMT entitled, “First-ofthe-Month Bias Continued.” This short research piece updated some work originally done by Arthur Merrill, CMT. Shortly after that issue was sent to the publisher, Arthur Merrill passed away. We are fortunate that he left us with a lifetime of work to update, and due to the statistical rigor he applied to indicators, we should expect to find that his work is just as valid today as it was when he undertook his efforts. In this month’s newsletter, we present some  insight to the great life Arthur lived. Next month, we hope to be able to publish a very small amount of his original work. Arthur tested more ideas than most of us will have in our lifetimes. Robert Colby, CMT, is an authority on indicators, having written an extremely detailed book on the subject, The Encyclopedia of Technical Market Indicators. In that book, Arthur Merrill is cited 23 times in the index, more than twice as often as any other individual, and second only to Ned Davis Research, an entire company dedicated to market research. We also have a summary of the recent brainstorming session in San Diego and a biography of Garfield Drew along with examples of several indicators and their applications to the stock market. We hope you enjoy this issue. Cordially, Mike Carr, CMT Technically Speaking Editor [post_title] => Technically Speaking, February, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-17 13:06:47 [post_modified_gmt] => 2020-08-17 17:06:47 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52524 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 548406 [post_id] => 52524 [meta_key] => newsletter_content_2_contributor [meta_value] => a:4:{i:0;s:5:"46127";i:1;s:4:"1890";i:2;s:5:"47835";i:3;s:5:"50342";} ) )

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