Technically Speaking, August 2012

LETTER FROM THE EDITOR

We take an extended look at the trading philosophy of Ian Woodward in this month’s issue. Ian has created a complete investment methodology based on the work of William O’Neil, Richard Arms and John Bollinger and the articles we feature offer an example of the thought process required for successful market analysis. The format is different than seen in most issues of this newsletter because it is a mix of figures and explanatory text that develop the ideas logically.

Ian came to my attention after John Bollinger, CFA, CMT, mentioned his work. John met with Ian as a result of an MTAEF luncheon fundraiser. John found that Ian’s work inspired him and will result in a new suite of indicators from this market master. Based on that fact, I set out to find Ian and learned he was a second-career technician, devoting his efforts to the market after retiring as an engineer. His story seemed similar to that which the late Art Merrill, CMT, might have shared. Art retired as an engineer and spent the next 34 years (a Fib number I believe) as a technician who advanced the field in many ways. I think Ian may do the same in the second half of his technical analysis career.

Please let us know what you think about this issue by emailing us at editor@mta.org

Michael Carr

What's Inside...

ANOTHER STRENGTH INDICATOR

This powerful and easily overlooked indicator is based on a simple candlestick price action pattern. It extracts and isolates raw...

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IAN WOODWARD: AN UNDERFOLLOWED ANALYST

Editor’s note: Much of this article uses slides and explanations provided by Ian. The purpose of this article is to...

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HGSI GLOSSARY OF TERMS

Editor’s Note: Ian Woodward has developed a comprehensive and unique way of looking at the markets. This article highlights several...

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PUMP & DUMP, SLOP & CROP, SEE-SAW … WHATEVER!

Editor’s note: This is an example of a market opinion from Ian Woodward, an innovative market analyst. It originally appeared...

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INTERVIEW WITH GEORGE DAVIS, CMT

How would you describe your job?

In my current role, I am responsible for technical analysis research pertaining to the...

Read More

TREND FOLLOWING IS JUST EASY TO DO

Editor’s Note: This was originally posted at The Canadian Technician blog on stockcharts.com. It was posted on July 27, 2012...

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53’ OF BEAR CANARY. DON’T OPEN THE DOOR!

This article was originally posted at The Canadian Technician blog (http://go.mta.org/540) and is reprinted here with permission of the author.

...
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MTAEF AWARDS 1ST CMT SCHOLARSHIP

The MTA Educational Foundation (MTAEF) is pleased to announce the award of its...

Read More

ANOTHER STRENGTH INDICATOR

This powerful and easily overlooked indicator is based on a simple candlestick price action pattern. It extracts and isolates raw market strength by measuring the unchallenged portion from one bar to the next. As it does not need smoothing, this indicator is as fast as the chart it is derived from.

The value is found by calculating the unchallenged zone between the previous open...

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)

Manuel Amunategui

Manuel Amunategui has worked on Wall Street in the options industry for over six years. He now lives in Portland, Oregon and spends most of his time in the data and data-mining industry but still finds time to experiment and run trading...

IAN WOODWARD: AN UNDERFOLLOWED ANALYST

Editor’s note: Much of this article uses slides and explanations provided by Ian. The purpose of this article is to highlight his work, which is comprehensive and built from the ground up based on a series of unifying principles. While this article is lengthy, much of it is graphics and is easily understood. Someone interested in learning how to develop a comprehensive philosophy will...

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)

HGSI GLOSSARY OF TERMS

Editor’s Note: Ian Woodward has developed a comprehensive and unique way of looking at the markets. This article highlights several of the indicators and insights he has developed. It is a glossary because the terms are his creation, however each of his ideas is testable on any platform and many traders will find these ideas to be invaluable. This glossary originally appeared on Ian’s...

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)

Ian Woodward

BIO COMING

PUMP & DUMP, SLOP & CROP, SEE-SAW … WHATEVER!

Editor’s note: This is an example of a market opinion from Ian Woodward, an innovative market analyst. It originally appeared at his blog (http://go.mta.org/544) on July 31, 2012 and is reposted here with permission.

Can you believe the two-day turn up for the books on Thursday and Friday of last week to raise the hopes of the Bulls that there is enough momentum to...

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)

Ian Woodward

BIO COMING

INTERVIEW WITH GEORGE DAVIS, CMT

How would you describe your job?

In my current role, I am responsible for technical analysis research pertaining to the fixed income and currency asset classes. It’s a challenging and interesting role, as it involves not only producing technical research related to these asset classes, but also marketing the research to our global staff and client base. I am a big proponent of educating...

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)

George Davis, CMT

George Davis, CMT is Managing Director and Chief Technical Strategist, Fixed Income, Currencies and Commodities at RBC Capital Markets in Toronto, Canada. With over 25 years of market experience, he is responsible for RBC’s Canadian dollar forecasts as well as intermarket technical...

Amber Hestla-Barnhart

Bio coming soon.

TREND FOLLOWING IS JUST EASY TO DO

Editor’s Note: This was originally posted at The Canadian Technician blog on stockcharts.com. It was posted on July 27, 2012 and is included here as an example of how analysis can be insightful, meaningful, and short. It is reprinted here with the permission of the author. A more detailed example of Greg’s work follows this article.

Well, another day another trend. As long as...

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)

Greg Schnell, CMT, MFTA

Greg A. Schnell, CMT, MFTA is a Senior Technical Analyst at StockCharts.com, specializing in intermarket and commodities analysis. Greg joined StockCharts in 2012 and has been instrumental in helping launch a variety of new blogs and other commentary platforms. Based in Calgary,...

53’ OF BEAR CANARY. DON’T OPEN THE DOOR!

This article was originally posted at The Canadian Technician blog (http://go.mta.org/540) and is reprinted here with permission of the author.

FEDEX – I heard this morning that Fedex is not like UPS at all. It is only UPS that has a problem. Let’s check the charts. Here is FEDEX weekly from 2005.

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)

Greg Schnell, CMT, MFTA

Greg A. Schnell, CMT, MFTA is a Senior Technical Analyst at StockCharts.com, specializing in intermarket and commodities analysis. Greg joined StockCharts in 2012 and has been instrumental in helping launch a variety of new blogs and other commentary platforms. Based in Calgary,...

MTAEF AWARDS 1ST CMT SCHOLARSHIP

The MTA Educational Foundation (MTAEF) is pleased to announce the award of its first CMT Scholarship to Adam Gray Lacey, a Senior in Economics at The Pennsylvania State University (PSU) Smeal College of Business. Adam is a member of PSU’s Trading Club, which educates its members on various technical analysis methods. He was drawn to...

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)