Don Worden founded Worden & Worden, Inc., a stock market newsletter publishing company, in 1960 and continued providing tools for institutional and individual investors over the next six decades. He was a pioneer and leader in stock market research. In the first part of his career, he delivered his thoughts through newsletters. When computers became available, he immediately began to write programs that would produce charts for his newsletters. His experimentation with computers led to the development of a chart service that provided individual investors with access to market data accessible through dial-up modems. Don spent much of his life on the leading edge of market analysis and technology. All of his work was dedicated to helping investors think for themselves, a philosophy his son Peter Worden described as based on the old saying “”Give a man a fish, and you have fed him once. Teach him how to fish and

Buff Dormeier, CMT, has written extensively about how to incorporate volume into a comprehensive analysis. His work on Price & Volume, Digging Deeper was recognized with the Dow Award in 2007. The complete paper can be downloaded by clicking here. In that paper, Buff wrote, “When securities change hands on a securities auction market, the volume of shares bought always matches the volume sold on executed orders. When the price rises, the upward movement reflects demand exceeds supply or that buyers are in control. Likewise, when the price falls it implies supply exceeds demand or that sellers are in control. Over time, these trends of supply and demand form accumulation and distribution patterns. What if there was a way to look deep inside price and volume trends to determine if current prices were supported by volume.  This is the objective of the Volume Price Confirmation Indicator (VPCI), a methodology that measures

In the June 26 issue of Bloomberg Brief Technical Strategies, Bloomberg’s analysts offered insights into how traders could use Fibonacci ratios to develop trading strategies. In Technicals Show Shanghai Composite Index Nearing Inflection Point, Paul Ciana, CMT wrote: “The Shanghai Stock Exchange Composite index has seen gains of more than 500 percent during the last 10 years and declines of as much as 72 percent. While these rallies and declines seem to happen fast with little time for investors to act, technicals can offer clues about the direction of the next move.” The chart highlights the technical Ciana concludes: “To the upside, there are two near-term resistance levels. There is a downward sloping trend line whose current value is 2,115. Its slope is about 5 points so either this line or the 61.8 percent level (shown in the chart) will be broken soon. There also is a narrowing Ichimoku cloud. A narrowing cloud suggests a

How would you describe your job? I run a small RIA and serve retail clientele as a financial planner and investment manager. I pursued the CMT designation as a way to differentiate myself from other financial advisors. It’s my belief that after 2 market meltdowns in the last 14 years, the retail public is tired of the buy and hold mantra. What led you to look at the particular markets you specialize in? I take a broad look across all asset classes. In building client portfolios you have a fiduciary duty to adhere to the constraints that each client agrees to, however as a technician I tell clients that we will adapt to the market depending on conditions. Do you look at any fundamental or economic inputs to develop your opinions? I do pay attention to GDP, P/E ratios and analyst projections of S&P targets for year end. What advice would you have for someone starting

Editor’s note: Recently, Dent Research posted a position in the MTA’s Career Development Center. If you are actively seeking a new position, the Career Development Center could be among your most valuable MTA membership benefits. This brief note simply highlights some information about Dent Research. The core of the work at Dent Research is based on the Dent Method, which was developed in the late 1980’s by the firm’s founder, economic expert Harry S. Dent Jr. According to Dent Research, “The Dent Method has the only documented record of success at forecasting long-term economic trends based on the study of and changes in demographic trends and their impact on our economy and the markets. It works by showing how predictable consumer spending patterns, when combined with demographic trends, allow us to forecast the economy years or even decades in advance.” The method is based on five key precepts: Predictable spending patterns at different ages