Happy New Year to everyone! 2007 will be an exciting year for the MTA, and the Headquarter staff is looking forward to continuing to serve our Members and Affiliates with new and exciting improvements to service throughout this upcoming year. Starting in January 2007, you will see an announcement each and every month in this Newsletter as to additions we will be making to our library. We are committed to staying current for you with new books/reference material which we will highlight on the “What’s Hot” list of reading material. Check each month on our website (library section) where we will highlight recent library additions. In addition, we are re-introducing our Internship Program under the guidance of Fred G. Schutzman, CMT and Gregory F. Homayoon. We believe this program has huge benefits in Networking/Learning for professionals just starting out. Some, like our Board Member, Larry M. Berman, CTA, CFA, CMT, were interns

Jeanne Farrelly has been with the Market Technicians Association (MTA) since August 2004. She is the Web Presence Manager overseeing the functionality of the internal and external website. The internal website is a web based Association Management Software system which in includes modules where membership services such as customer relations, membership, committees, events, inventory, accounting, advertising, e-marketing, and certification are managed. Also included in the AMS package is the content management system module where the MTA’s external website (www.mta.org) is created and administered. The MTA is currently engaged in redesigning it’s website to improve information retrieval and personal user management. We encourage membership comments and suggestions on how to improve your user experience. Jeanne also manages all webcast events such as the New York Region monthly meetings, MTA Seminars and special events, and the CMTi (CMT Institute). The use of this form of technology supports active communication and education of the

In this thought-provoking work, David Aronson, CMT tests more than 6,400 technical analysis rules and finds that none of them offer statistically significant returns when applied to trading the S&P 500. This result, presented at the end of his work, is not disappointing to dedicated students of technical analysis who draw from the book not a new trading technique but instead take away a new, and more effective, approach to system development and trading. Those seeking the single best indicator or day trading pattern will be disappointed after reading Evidence-Based Technical Analysis, just as they will be disappointed in their trading until they advance beyond seeking the Holy Grail of Trading. Most books and articles about technical analysis focus on applying a specific technique in pursuit of success in the markets. This one is different in that it outlines an entirely new process of thinking, and through the application of this

Currently, we are accepting applications for the next MTA Internship Program – tentatively scheduled for early 2007. The course of study will include Stocks, Bonds, Futures and Options; and will cover Traditional Charting, Point & Figure, Intermarket Analysis, Elliott Wave, Candlesticks and more. Tours of the NYSE (Stocks) and NYBOT (Commodities) will finalize this 2-week program. The Internship Program is open to all MTA Members and Affiliates in good standing, who meet the following requirements. Have passed Level One (1) of the Chartered Market Technician (CMT) Exam or can demonstrate the equivalent knowledge. Must spend 2 weeks visiting or commuting to their internship at their own expense. Intend to pursue technical analysis as a vocation. Agree to write a brief report for the MTA Board of Directors and a short article for the MTA Newsletter regarding their experiences. Applicants will provide a resume and short cover letter explaining why they should be selected. The application deadline

The new Executive Director of the MTA, and the Board, have asked me to become a “Volunteer Czar” for the membership, which would entail assisting Members and Affiliates who wish to volunteer to serve the Association. I think this is a great idea and to put this in perspective I will give a little history. I have been involved in the MTA, in one way or another, since 1986, but really became involved in 1989 with the formation of the Atlanta Chapter of the MTA. My first committee was the Admissions Committee where I served with current Board Member Julia E. Bussie, CMT. I continued to serve as Regions Chair for several years, and my last job with the association was as President. Overall, my experience in working with the MTA has been one of the high points of my career, a big help to me professionally, and the contacts I