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Technically Speaking, June 2007

From the Executive’s Desk

I am pleased to report that we had one of our most successful Education Seminars (May 18-19, 2007) to date! Our Seminar was well attended and from the results of the surveys, it was well received by the participants. We are always anxious to make constant improvements to our Seminar experiences and we will be reviewing all suggestions carefully and adjusting our Seminar formats to provide the best experience for our participants.

Two things you will easily see as adjustments recently made by the MTA:

  • We have decided that the quality of our webcasts needed to be improved as, with increased regularity, it is a key modality for the dissemination of our technical analysis information to our  Membership. Our website now has many of our Spring Seminar presentations displayed. I believe you will see a noticeable improvement in view-ability. I urge you to take a look (www.mta.org). We intend to continue this process and build an archive of nformation as we webcast local chapter meetings, informational sessions, market forecast panels, etc.
  • By the time you read this, you will see some of the improvements that have been recently made to the www.mta.org website. Information has been re-categorized, redesigned, etc. to make it easier to navigate and get to the information you need in a minimum of effort. We have added information on the ‘Home Page” and added a “Prospective Member Page” to help those interested in the pursuit of technical analysis make decisions in this area.

Lastly, we are working hard “behind the scenes” on seeing what we can do to expand member knowledge concerning the current job market environment. We have randomly  conducted some surveys (selectively so as not to overload members with e-mail), explored possibilities for adjustments and will be executing some activities in this area within the next quarter.

Sincerely,
Tom Silveri
MTA Executive Director

What's Inside...

In Memoriam

In Memoriam

by Phil Roth, CMT

With great sorrow, I must report to you of the passing of John Brooks, a past President and founding member of the Market Technicians Association. He died Sunday morning, June 10, after a long...

John C. Brooks

by Paul F. Desmond

John C. Brooks, of Jupiter, FL and formerly of Atlanta, GA and Brooklyn, NY died in peace after a courageous battle with cancer, on Sunday, June 10, 2007. John leaves behind to honor his memory his...

Pictures from the MTA Annual Education Seminar 2007 New York City, May 18-19

Thank You! Without the help of our gracious sponsors we would not have been able to have such a successful seminar in May. On behalf of the the MTA we wanted to say THANK...

Culture Bites: Electronic Migration And Black Box Trading

by Molly Schilling & Colin Clark

Recently, Molly McLaughlin Schilling interviewed Colin Clark of the New York Stock Exchange and gained insight of what is happening now, and in the future, at the Exchange. Molly Schilling: Hi Colin....

NYMEX Crude Light Long-Term Analysis

by Nicolas Di Carlo, CMT

The purpose of this article is to look at the price action of the NYMEX Crude Light futures contract and determine its most likely course of action over the coming months. To help in this process, I...

Meet the MTA Staff

Shane Skwarek is a new intern at the Market Technicians Association for the summer of 2007. He is approaching his senior year at Monmouth University in West Long Branch, NJ and is majoring in...

A Notice from the MTA Headquarters

The MTA Headquarters would like to take the time to inform the membership of technological changes that we have been able to implement over the past month. Newsletter “Opt-Out” – We are...

MTA Annual Education Seminar 2007

by Kristin Hetzer, CMT, CIMA, CFP

The Annual MTA Education Seminar was held in New York City, May 18-19. Having attended the Mid-Winter MTA retreat in Miami, I debated whether I wanted to take the time and expense to attend the May...

In Memoriam
In Memoriam

In Memoriam

With great sorrow, I must report to you of the passing of John Brooks, a past President and founding member of the Market Technicians Association. He died Sunday morning, June 10, after a long illness. As you may know, John had been working in recent years for Paul Desmond at Lowry’s Reports. Paul has much more to say in the obituary posted below. Speaking for myself and the Market Technicians Association, we offer our condolences to John’s wife, Joanne and his two children. John was a great proselytizer for technical analysis and the technical societies. At the formation of the MTA in 1972, John was our first Secretary and Treasurer. He was instrumental in the formation of IFTA and AAPTA. Two facts stick out in the 30-plus years I knew him. Back in the early 1990’s he and I were unhappy with a few of the seminars and were discussing what 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)

Philip J. Roth, CMT

Phil Roth, CMT

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John C. Brooks

John C. Brooks

John C. Brooks, of Jupiter, FL and formerly of Atlanta, GA and Brooklyn, NY died in peace after a courageous battle with cancer, on Sunday, June 10, 2007. John leaves behind to honor his memory his loving wife Joanne, his mother Ann, his sister Joyce, devoted sons John of Los Angeles, CA and Peter (Liz) of Delray Beach, FL, grandchild Dean, nieces and nephews, and an extended family of good friends around the world. A highly respected technical securities analyst, John worked at a number of prominent Wall Street firms, including Edwards & Hanley, Robinson Humphrey, and most recently at Lowry Research where he served as Senior Vice President and Senior Analyst. During his long and distinguished career, John was the co-founder and Past-President of the Market Technicians Association (MTA), and was one of the first recipients of the Chartered Market Technician (CMT) designation in the United States. In 1985, he

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)

Paul F. Desmond

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Pictures from the MTA Annual Education Seminar 2007 New York City, May 18-19

Pictures from the MTA Annual Education Seminar 2007 New York City, May 18-19

Thank You! Without the help of our gracious sponsors we would not have been able to have such a successful seminar in May. On behalf of the the MTA we wanted to say THANK YOU!

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.

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Culture Bites: Electronic Migration And Black Box Trading

Culture Bites: Electronic Migration And Black Box Trading

Recently, Molly McLaughlin Schilling interviewed Colin Clark of the New York Stock Exchange and gained insight of what is happening now, and in the future, at the Exchange. Molly Schilling: Hi Colin. Can you tell us what you do here at the New York Stock Exchange? Colin Clark: I am the head of Strategic Market Analysis and our group is responsible for analyzing various aspects of our business providing strategic and insightful information to senior management – we identify strategic small and large transactions for potential revenue synergies. We develop new products and leverage existing products across the two enterprises – NYSE and Euronext – we identify opportunities to leverage our trading platforms, distribution and sales forces to drive greater cash trade in revenues and greater derivative trading revenues. For example, we’re rolling out a new crossing service called Match Point that allows us to facilitate block trading and trade portfolio throughout the

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)

Molly Schilling

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NYMEX Crude Light Long-Term Analysis

NYMEX Crude Light Long-Term Analysis

The purpose of this article is to look at the price action of the NYMEX Crude Light futures contract and determine its most likely course of action over the coming months. To help in this process, I will use an array of technical tools including among others, trend lines, support and resistance levels, momentum indicators, chart pattern recognition, and price projection. The chart on which I will perform this analysis is a weekly bar chart, where each bar represents the price range of one week of trading. Let’s start with a look at the January 2007 low around 50. One of the cornerstone in technical analysis is that price likes to turn at round numbers. The belief beneath it is that they bear significant psychological meaning, as they are easily remembered by most of the market participants. After a quick glance at the chart, we see that the following levels worked

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)

Nicolas Di Carlo, CMT

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Meet the MTA Staff

Meet the MTA Staff

Shane Skwarek is a new intern at the Market Technicians Association for the summer of 2007. He is approaching his senior year at Monmouth University in West Long Branch, NJ and is majoring in Computer Science. Shane has recently inherited responsibility for various portions of the MTA website, promising a vast majority of improvements! Although new to him, Shane has quickly begun mastering the complex database software used to maintain the MTA website. His prior experience in website design and development has proved to be a useful tool in his adaptation to a previously unfamiliar database interface. Shane has been working to help institute a donations page for the MTA Education Foundation (MTAEF), e-mail and newsletter “opt-out”, and the overall redesign of the MTA website. One of his goals is to make the website more efficient and appealing to our membership and prospects. He was born and raised in New Jersey and is

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.

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A Notice from the MTA Headquarters

A Notice from the MTA Headquarters

The MTA Headquarters would like to take the time to inform the membership of technological changes that we have been able to implement over the past month. Newsletter “Opt-Out” – We are pleased to announce that we now are able to offer you the ability to “Opt-Out” of the hard copy mailing of this MTA monthly newsletter. Each month there are a number of newsletters that are sent back to our office because either the address is incorrect, or there is an error during the delivery process with the Postal Service. Of course the newsletter is still going to be posted to the website and made available to all, but to better serve the membership by providing the most cost effective use of your dues, we have come up with a solution for the mailings. If you still wish to receive the newsletter, YOU NEED TO DO NOTHING (other than keep

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.

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MTA Annual Education Seminar 2007

MTA Annual Education Seminar 2007

The Annual MTA Education Seminar was held in New York City, May 18-19. Having attended the Mid-Winter MTA retreat in Miami, I debated whether I wanted to take the time and expense to attend the May meeting. When I saw the list of speakers, I decided the time and expense would be worth it, if it meant taking away one good idea from the event. Friday’s schedule was geared toward all MTA attendees. I have to say, Friday’s speakers were exceptional. The day started with a presentation by Jeffrey Weiss, CMT. If you haven’t heard Jeff Weiss, he is an entertaining and enthusiastic speaker. His extensive technical analytical background and passion for the equity markets captured everyone’s attention. Jeff’s market analysis, discussion of his indicators and current outlook for the market was comprehensive and worthwhile. Katie Townshend, CMT discussed her work for shorter term trading using support, resistance and relative strength. Katie

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

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New Educational Content This Month

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