Letter from the Editor
Technical analysis has a rich, and little studied, history. MTA members are doubtlessly aware of this and understand that their membership helps them unlock a great deal of the available history. Thousands of books fill the shelves of the MTA library, some of them are the original works in their field of study. This is one of the most popular benefits of membership.
As technology changed, the historical archive of any field has expanded to include videos as well. Taking advantage of the leading edge of technology, the MTA has captured the thinking of some of the leading technicians in the world and provides videos of these presentations.
In recent issues of Technically Speaking, we have been featuring video presentations that are available in the archives section of the member’s section of the MTA web site. We believe there is great value in reviewing these and find that the true principles of technical analysis are timeless. Spending an hour looking at the current thinking of technicians from the time of a market bottom or top shows not only how they thought then, but with the advantage of hindsight you also know if it worked. That allows you to adapt that thinking to the market, learning from both what worked and what didn’t work.
We’ve long recognized that these resources help us to become better technicians. Recently, the MTA Board of Directors adopted a voluntary Continuing Education program that formally recognizes the role of the library and the video archives. You can now earn CE credits for reading the classic works in our field and studying the video presentations of some of the best minds in our industry. Most members will easily meet the goals of this program without making any changes in their professional development program.
There are many benefits of MTA membership, and the chance to learn so much about technical analysis from a variety of tools is only one of them. As always, we hope you consider this newsletter to be another valuable benefit of membership.
Mike Carr, CMT