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Walter Deemer

Walter Deemer

Walter Deemer is a founding member and past president of the CMT Association who began his Wall Street career in July 1963 as a Merrill Lynch research trainee. In April 1964, Walter moved to Merrill Lynch’s Market Analysis Department, where he worked under Bob Farrell, and was a full-time technical analyst from then until he retired in 2016.

Walter worked as a Senior Vice President for Putnam Management Company in Boston, which he joined in 1970 in a move away from Tsai Management & Research, and served as a full member of Putnam’s Investment Policy Committee for a time. Walter formed his own technical analysis company, Deemer Technical Research Inc., in July 1980. He was the featured technical analyst in Dean LeBaron’s Treasury of Investment Wisdom, joining such luminaries as John Bogle, Peter Lynch and George Soros as the chosen “guru” in their field, and was honored and humbled to be given the CMT Association’s Annual Award in 2015.

Mr. Deemer and Susan Cragin co-authored Deemer on Technical Analysis: Expert Insights on Timing the Market and Profiting in the Long Run in 2012.  In 2014, he wrote The Essential Basics of Technical Analysis and The Essential Basics of Technical Analysis for Financial Advisors.  In 2019, Walter authored his fourth book, When the Time Comes To Buy, You Won’t Want To: Timeless Pieces of Wit and Wisdom Compiled by a Wall Street Legend.

 

 

 

 

 

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            [post_content] => As the leaves finally turn here in the New York area, the stock market has once again reached new highs, at least according to the big indices. But just when you stopped looking, the Russell clawed back to the top of its year-long range and the NYSE composite – the average Joe index – is at a two-year high.

Could it be that the converse to “sell in May” is finally going to work? The answer is, of course, who knows?  The usual suspects still hold us hostage: China and the Fed. The latter seems to be on hold after the last rate hike.

There are a few things of note, namely the resurgence of retail stocks and banks. The dollar may be breaking down, too. Copper may still be comatose, but look at platinum soar!

This month in Technically Speaking, we’ve got part two of Bruno DiGiorgi’s History of Wall Street and a twist on an old, less-well-known indicator by David Steckler. New York and Minnesota Chapters weigh in with speaker reviews, and our member interview is with Ken Tower, CMT, a past president of the Association.

We’ve also got a similar interview with CMT Association Executive Director Alvin Kressler. It is easy to think of him as just an administrator, but when you look at his career, he is truly one of us. 

Of course, we’ve got Association news, including the announcement of 27 new CMTs.

If you’ve got a book out, let us know so we can tell everyone. Also, if you are hiring technicians, we can post that here.

And as usual, I ask members to submit articles they’ve written (not forecasts but methods) or write something new to share your knowledge with the group. If you are new, this is a great way to develop your chops as an analyst and a writer.

Michael Kahn, CMT

Editor
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LETTER FROM THE EDITOR

The MTA recently announced this year’s award winners:

In this month’s newsletter we provide more insight into why Walt Deemer and Amber Hestla-Barnhart were honored. Walt is a true legend in the analysis community and the short articles we offer provide a small glimpse of his work. Amber shares details about the process she followed to win the prestigious Charles H. Dow Award in the hope of encouraging more submissions to next year’s competition.

We will have more details on the honorees in next month’s newsletter.

Later this month, hundreds of MTA members will spend time together at the Annual Symposium. Attendees will spend time hearing the thoughts of extraordinary market analysts in formal presentations and in informal settings that are an equally important part of the Symposium. I hope I will get to meet everyone attending the Symposium but the odds of that are low because the Symposium only lasts two days. If you will be attending and have ideas on how we can improve Technically Speaking, please send me a note at editor@mta.org so I can get your feedback in person.

Sincerely,
Michael Carr
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Letter from the Editor

This month, we searched the internet to find interesting and useful web sites that could help our members profit in the markets. There are a number of very good web sites out there, but most will not help traders unless they are willing to think outside the box. Economists seem to have taken to blogging more than many other professions, and while their observations are interesting, we thought that almost all of them were too far from technical analysis to be included in this short review. But you may certainly have more insights into their work and we’d like to hear about it if you do.

That leads to an interesting question – what should technical analysis include? We’d very much like to hear some of your thoughts on that subject and would be glad to include any ideas you have as letters to the editor.

One interesting application of technical analysis we did find was the work of Jim Otar, CMT, CFP. Jim extends his research to retirement planning. It demonstrates the possibilities for skilled technicians, and in a challenging employment environment, research like this could be the element that leads to that dream job. For those wishing to extend the field of technical analysis and seeking a place to publish, consider Technically Speaking. We’re ready to review anything related to our field.

Sincerely,
Mike Carr, CMT
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