Technically Speaking, December 2010

Letter from the Editor

Technical analysis is a varied discipline, including such diverse forms of analysis as chart patterns, Elliott Wave, and relative strength. If this month’s newsletter has a theme, it could be described as “whatever works.” Larry Williams is a world renowned trader and first class researcher. He recently made a presentation to the Los Angeles chapter of the MTA. Those who have been fortunate enough to take in one of his many presentations always get a variety of ideas. Larry seems to look at any idea, adopting those that can lead to profits. He doesn’t appear to be interested in being right or being pigeon holed as an expert on any one topic. Everything he presents is simply designed to make money in the markets.

We also have a summary of an archived video presentation that demonstrates ways to combine technical and fundamental data into a single trading opinion. Dennis Gartman explained his strategies more than a year ago. One advantage of using the archives for education and strategies is that you can look at how effective the ideas have been since they were presented. Gartman’s is yet another example of the timeless ideas available to traders and analysts in the MTA’s video archives.

Finally, as I read the publications of the CFA Institute, I am struck by the number of articles that build on ideas rooted in technical analysis. This issue discusses one of those articles. Please consider sharing ways that you combine other disciplines with technical analysis. You can email them to editor@mta.org. We’d like to print your techniques in a future issue of Technically Speaking.

Sincerely,
Mike Carr, CMT

What's Inside...

Career Development: PlacingTraders.com

EDITORS NOTE: In previous issues of the Technically Speaking e-Newsletter, we’ve reviewed various technical analysis books, products, and software. This...

Read More

Chart of the Month: Stocks for the really long-term

While it’s easy to get caught up in the day-to-day movements of the stock market, a long-term view can help...

Read More

Ten Things Everyone Should Know About the VIX

Editor’s note: We wanted to take an opportunity to present some information on trading vehicles that allow traders to enter...

Read More

Los Angeles MTA Chapter Meeting November 15, 2010

Our last chapter meeting of the year was held at the Long Beach Grand Event Center Monday evening. It was...

Read More

Fundamentals and Technicals: Stealing from Both Schools

Dennis Gartman made a presentation as part of the MTA Educational Web Series on August 3, 2009. The archive of...

Read More

Fundamentals are Technicals

Sometimes without even realizing it, fundamental analysts seem to use technical analysis. A recent example is in the current issue...

Read More

Blogs of Note

Many MTA members regularly make their work available to the general public. EM Trend Advisors, maintained by G. Edward Gruber,...

Read More

Announcements

MTA Board of Directors Nominations

For the fiscal year commencing July 1, 2011, three (3) At-Large Board positions...

Read More

Career Development: PlacingTraders.com

EDITORS NOTE: In previous issues of the Technically Speaking e-Newsletter, we’ve reviewed various technical analysis books, products, and software. This article is a review of a free online service available to the investment community. In addition, PlacingTraders.com is collaborating with the Market Technicians Association to help provide materials and information for the Career Development Center for the use of you, our membership.

In a...

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)

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...

Chart of the Month: Stocks for the really long-term

While it’s easy to get caught up in the day-to-day movements of the stock market, a long-term view can help provide perspective. The declines of the 2008-2009 bear market were significant, but they were not unprecedented. Ron Griess of The Chart Store prepared a series of charts depicting previous bear markets. Additional charts showing details of each secular decline can be found at http://www.thechartstore.com/html/10-10%20S&P%20Secular%20Cycles.pdf....

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)

Mark Cremonie, CMT, CFA

Mark Cremonie, CMT, CFA, graduated from Indiana University with a BA in Biology and an MBA in Finance. He spent 37 years as a buy-side equity analyst and portfolio manager following a trend and momentum approach combined with strong earnings momentum. He...

Ronald L. Griess

The proprietor of The Chart Store is Ronald L. Griess. Ron is an investment professional with over 40 years of experience in portfolio  management, investment and economic research and sales. A Nebraska native and University of Nebraska graduate, Ron began his career...

Ten Things Everyone Should Know About the VIX

Editor’s note: We wanted to take an opportunity to present some information on trading vehicles that allow traders to enter positions designed to capitalize on volatility. This article was originally posted at http://vixandmore.blogspot.com/2008/04/ten-things-everyone-should-know-about.html and is reprinted here with permission of the author. 

I have had quite a few requests to present some introductory material on the VIX, so with that in mind I offer...

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)

Los Angeles MTA Chapter Meeting November 15, 2010

Our last chapter meeting of the year was held at the Long Beach Grand Event Center Monday evening. It was a grand event, too. Larry Williams, a widely recognized futures trader for 48 years, was our guest speaker. It was very exciting to hear him speak about the markets and to learn of some of his personal experiences. The audience was very interested in...

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)

Kristin Hetzer, CMT, CIMA, CFP

Kristin Hetzer, CMT, CIMA, CFP, is Principal and Founder of Royal Palms Capital, LLC, an independent registered investment advisory firm in Rolling Hills Estates, California. Prior to founding her firm, Ms. Hetzer provided discretionary portfolio management within major Wall Street firms’ Portfolio Investment Management...

Fundamentals and Technicals: Stealing from Both Schools

Dennis Gartman made a presentation as part of the MTA Educational Web Series on August 3, 2009. The archive of this presentation is available in the On Demand Video Archives.

This presentation was made at a time when markets were very volatile. It includes Gartman’s analysis of the markets at that time.

He began with a chart of gold. The chart is clearly indicative...

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)

Dennis Gartman

Dennis Gartman is the editor and publisher of The Gartman Letter, a technical market analysis newsletter. Clients of The Gartman Letter include many leading banks, brokerage firms, mutual funds, hedge funds, energy trading companies, and grain trading companies. Dennis has lectured on capital...

Fundamentals are Technicals

Sometimes without even realizing it, fundamental analysts seem to use technical analysis. A recent example is in the current issue of CFA Magazine, a publication of the CFA Institute. “Why Valuation Must Continue to Evolve” by Yves Courtois, CFA, points out that valuation changes over time. The article can be found at http://www.cfapubs.org/doi/pdf/10.2469/cfm.v21.n6.2.

He discusses accounting issues related to mark-to-market mandates and some of...

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)

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...

Blogs of Note

Many MTA members regularly make their work available to the general public. EM Trend Advisors, maintained by G. Edward Gruber, CMT, is one of those sites. Ed offers clear analysis designed to help traders see the big picture.

November 16, 2010: The Final Few Weeks
http://emtrendadvisors.com/blog/november-16-2010-the-final-few-weeks

When the red Starbucks cups hit the shelves, people start thinking Christmas. Granted, it’s not...

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)

G. Edward Gruber, CMT

In his fourteen years of trading experience, Mr. Gruber worked for two separate asset managers each with $50 billion under management. He also worked for another manager whose small cap assets grew from $700 million to $7 billion during his time there....

Announcements

MTA Board of Directors Nominations

For the fiscal year commencing July 1, 2011, three (3) At-Large Board positions are up for consideration for a 3-year term. Over the next two months, we are encouraging any Member, Honorary Member or Emeritus Member in good standing to submit your name for consideration to nominations@mta.org. The nominating committee will then seek out your completion of...

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)