Technically Speaking, August 2009

Letter from the Editor

Trading and getting involved in the MTA are the focus of this month’s newsletter. Dan Zanger is a short-term trader with an enviable record of success. Ajay Jani offers insights into his thinking, and then we reprint what Dan considers to be among his most important rules. We also review a new book by Larry Connors and Cesar Alvarez from TradingMarkets.com. Short-term trading can offer high potential profits, but these articles also address the risk which is inseparable from trading.

We also have news from the MTA Educational Foundation and the Journal Committee. The MTA is constantly advancing into academia and these initiatives are at the forefront of that march. This will add value to your membership and bring added prestige to the CMT designation by improving the acceptance of technical analysis within the investment community.

Please let us know what you think of the newsletter, and how we can improve this member benefit for you.

Sincerely,
Mike Carr, CMT

What's Inside...

Perseverance DefinedThe Story of Dan Zanger

Ajay G. Jani, CMT

On April 23rd 2009, I had the opportunity to speak with Dan Zanger. Zanger is a legend in the stock...

Dan Zanger's 10 Golden Stock Rules And Trading Tips

Dan Zanger

This article is excerpted from Dan Zanger’s web site http://www.chartpattern.com/10_golden_rules.html and is reprinted with permission.

Notice: This method and its...

HIGH PROBABILITY ETF TRADING: 7 Professional Strategies to Improve Your ETF Trading by Larry Connors, Cesar Alvarez, and Connors Research

Laurence Connors

Cesar Alvarez

Michael Carr, CMT

Exchange Traded Funds (ETFs) have been around for more than 16 years – the American Stock Exchange began trading SPDRs...

Letter from the Editor of the Journal of Technical Analysis

The MTA Journal of Technical Analysis Welcomes Robert R. Prechter, Jr. CMT and Sid Mokhtori, CMT

On behalf of the...

An Interview with Jeremy Berkovits, CMT

Jeremy Berkovits, CMT

Yevgen Avramych

After speaking at the MTA Symposium in May, Jeremy Berkovits took a few moments to discuss the path he took...

On Campus

Kimberly Sokoloff, CMT

I recently had the pleasure of teaching two Series 7 classes with MTA Educational Foundation President Bruce Kamich, CMT, at...

MTA Financial Position

Diana Perez

As the Controller of the MTA, I am pleased to announce the fiscal year ending June 30, 2009 financial results....

CMT Program Update

Jeanette Schwarz Young CMT, CFP, CFTe, MS

The CMT Test Development Committee and CMT Advisory Committee will be very busy during the next several months in a...

MTA Announcements

MTA Educational Web Series

Registration is now open for the following upcoming presentations of the FREE MTA Educational...

Perseverance DefinedThe Story of Dan Zanger

On April 23rd 2009, I had the opportunity to speak with Dan Zanger. Zanger is a legend in the stock trading business, having run up a six figure account to $42 million during the heyday of the internet bubble. Many dismissed his performance as sheer luck, but it took 20+ years of hard work and dedication before he became an “overnight success”. The story...

To view this content you must be an active member of the CMT Association.

Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Ajay G. Jani, CMT

Ajay G. Jani, who holds a Chartered Market Technician (CMT) designation, is the Managing Partner and CIO of Single A Capital. He has been in the investment business as a technical analyst since 1989, and was previously the Managing Director of Gramercy, an...

Dan Zanger's 10 Golden Stock Rules And Trading Tips

This article is excerpted from Dan Zanger’s web site http://www.chartpattern.com/10_golden_rules.html and is reprinted with permission.

Notice: This method and its methodology work best for those people that can act promptly and without hesitation executing the golden rules and general notes listed below. It is also for those that are preferably on real-time quotes. Many stocks are listed in the nightly newsletter (provided as a...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Dan Zanger

Bio Coming

HIGH PROBABILITY ETF TRADING: 7 Professional Strategies to Improve Your ETF Trading by Larry Connors, Cesar Alvarez, and Connors Research

Exchange Traded Funds (ETFs) have been around for more than 16 years – the American Stock Exchange began trading SPDRs on January 29, 1993. From this humble start, there are now more than 800 ETFs according to some counts and their total market cap exceeds half a trillion dollars. While they seem to have been started as a buy-and-hold alternative to index funds, there...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Laurence Connors

Laurence Connors is Chairman of The Connors Group (TCG), and the principal executive officer of Connors Research LLC. TCG is a financial markets information company that publishes daily commentary and insight concerning the financial markets and has twice received an award by the Entrex Private Company...

Cesar Alvarez

For the last six years, Cesar Alvaraz has written for his popular quant blog, Alvarez Quant Trading helping traders learn about the markets. He spent nine years as the Director of Research for Connors Research and TradingMarkets.com. Numerous strategies he created have...

Michael Carr, CMT

Mike Carr, who holds a Chartered Market Technician (CMT) designation, is a full-time trader and contributing editor for Banyan Hill Publishing, a leading investment newsletter service. He is an instructor at the New York Institute of Finance and a contributor to various additional...

Letter from the Editor of the Journal of Technical Analysis

The MTA Journal of Technical Analysis Welcomes Robert R. Prechter, Jr. CMT and Sid Mokhtori, CMT

On behalf of the MTA Journal of Technical Analysis, we would like to announce changes in our manuscript review board.

What does the review board actually do for you? We are about to begin our process for the next Journal. The authors of papers are made anonymous and...

To view this content you must be an active member of the CMT Association.

Contributor(s)

An Interview with Jeremy Berkovits, CMT

After speaking at the MTA Symposium in May, Jeremy Berkovits took a few moments to discuss the path he took to become a market technician. He also offered some career advice for aspiring CMTs, and shared his views on the financial markets in these volatile times.

Like many technicians, the path Jeremy took towards a career in finance is an unconventional one. He had...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Jeremy Berkovits, CMT

Jeremy Berkovits, who holds the Chartered Market Technician (CMT) designation, is an experienced market technician with diverse analytical skill set, specializing in intermarket technical analysis of global bond, commodity, currency and equity markets. He is a Managing Partner and Supervising Research Principal...

Yevgen Avramych

Yevgen Avramych works in the investment services area of Prudential Financial in New Jersey. He is a graduate of Seton Hall University, with a degree in Finance and minor in Economics. Yevgen has passed the level 1 exam of the CMT program.

On Campus

I recently had the pleasure of teaching two Series 7 classes with MTA Educational Foundation President Bruce Kamich, CMT, at the University of Delaware. We had 24 students in each of the classes, which were conducted this past May. The class was very well received by the students, and we also had the dean of the business school sit in on one of the...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Kimberly Sokoloff, CMT

Kimberly Sokoloff, Vice President of Institutional Sales at Odeon Capital Group LLC Kim has twenty years of Wall Street experience – primarily focused on equity trading and technical research for institutional and high net worth clients. She began her career in 1997...

MTA Financial Position

As the Controller of the MTA, I am pleased to announce the fiscal year ending June 30, 2009 financial results. Please note that at this point the financials are “unaudited”. The audit is being conducted now by RSM McGladrey and we expect to be complete by the end of September, 2009.

For the fiscal year just ended (July 1, 2008-June 30th, 2009) the MTA...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Diana Perez

Bio Coming

CMT Program Update

The CMT Test Development Committee and CMT Advisory Committee will be very busy during the next several months in a combined effort to continually enhance the CMT program. We are pleased to announce that the MTA Board of Directors has commissioned a Job Analysis facilitated by Prometric (an outside psychometric consultant) for the CMT 1 and CMT 2 exams. This analysis will seek to...

To view this content you must be an active member of the CMT Association.

Contributor(s)

Jeanette Schwarz Young CMT, CFP, CFTe, MS

Jeanette Schwarz Young, who holds a Chartered Market Technician (CMT) designation, is a Technical Analyst and Portfolio Manager at Kensington Capital. She is also the author of the Option Queen Letter, a weekly newsletter issued and published every Sunday, and the OPTIONS DOCTOR, published...

MTA Announcements

MTA Educational Web Series

Registration is now open for the following upcoming presentations of the FREE MTA Educational Web Series.

- Sign Up Now – Monday, August 10th, Joe Kinahan and Ryan Campbell, CMT will present “High Probability Option Trades with Reversal Patterns.” Register for this webcast.
- Sign Up Now – Wednesday, August 26th, Michael Carr, CMT will...