Letter from the Editor
Every May, the MTA holds its Annual Symposium and technicians converge in New York to see old friends, meet new ones, and learn about the markets. This year was the largest gathering in history, with 350 members and affiliates from around the world gathering at the New York Stock Exchange (NYSE).
The venue offered an interesting perspective on technical analysis. One of the fundamental principles of technical analysis is that history repeats itself. Without thinking, the NYSE seems to be a symbol of change, at least in the modern era. Electronic algorithms and high frequency trading have reshaped the investment landscape, and the Exchange has been on the leading edge of technology to adapt to penny spreads and an ever-evolving market structure.
On breaks, the Symposium attendees had a chance to wander the hallowed halls of finance sitting at the corner of Wall and Broad. Some history is displayed in those halls, a collection of pictures and memorabilia. In some ways, the Symposium was what it must feel like for a baseball fan to wander through the Hall of Fame at Cooperstown while getting to talk to the players who will have their plaques in the future. Wandering those halls on a break, I read a letter to the Exchange written by Thomas Edison on August 24. 1882. He asked for permission to run a line from the exchange for his own data service, promising to transmit quicker and more reliable data.
That letter seemed to sum up technical analysis. Investors never change; they always want an edge in the markets. History is a lot like a series of repetitive themes that play out in different ways each time. The NYSE displays proof that investors wanted faster and cleaner data for at least the past 130 years. Odds are, that will still be an issue in the twenty-second century.
History also repeats within the MTA. Every May, there is an Annual Symposium that benefits members with unique opportunities and market perspectives. It’s only June, but many are already looking forward to next May.
In this issue of Technically Speaking, we present brief summaries of a few of the presentations. We’ll offer more details on other presentations in the next issue. Videos of the presentation will soon be available in the MTA archives, and every presentation is worth watching, or re-watching for those fortunate enough to have been there.
Mike Carr, CMT
Technical Analysis for Global Real Estate Investing - Presented by Ken Winans, CMT and Dr. Bryan Taylor at the 2011 Annual Symposiumby Ken Winans, CMT & Dr. Bryan Taylor & Michael Carr, CMT
Ken Winans, CMT, opened the 2011 Annual Symposium with a talk on the state of the real estate markets. Technical analysis can be applied to any freely traded market, and real estate fits that...
Introduction to Gann Squares - Presented by Mathew Verdouw at the 2011 Annual Symposiumby Mathew Verdouw, CMT, CFTe & Michael Carr, CMT
W. D. Gann was a legendary Wall Street trader in the early 1900s. He was a student of the markets and came up with a number of innovative trading strategies. Gann’s legendary status is largely...
MTA Educational Foundation (MTAEF) Presentation at the Annual Symposiumby Phil Roth, CMT
Bruce Kamich, CMT and I were heartened by the attendance at our presentation about the Educational Foundation at the MTA Annual Symposium. We had a standing-room-only crowd in a Board room of the...
RRG – A New Tool for Visualizing Relative Strength in Global Markets - Presented by Julius de Kempenaer at the 2011 Annual Symposiumby Julius de Kempenaer & Michael Carr, CMT
Julius began his presentation by highlighting the reality that investing is a process of making choices. The first choice an investor would seem to face is whether to invest or not, however some...
Why You Should Care About Market Structure - Presented by Lawrence Leibowitz and Steven Poser at the 2011 Annual Symposium.by Lawrence Leibowitz & Steve Poser & Michael Carr, CMT
Lawrence began this presentation by pointing out that market structure impacts all traders and investors. Direct impacts come from the fact that markets are more fragmented than ever before. There...
Interview with Kirk Northingtonby Kirk Northington, CMT & Amber Hestla-Barnhart
How would you describe your job? I create advanced analytical tools and methods for technical analysis charting platforms. My methods and tools are primarily based on volatility arithmetic. I build...
Stocks in the Very Long-Termby Michael Carr, CMT
Technical analysis is often associated with short-term trading. Long-term charts can offer a different perspective. Few take the time to look at a fifty-year chart of the Dow Jones Industrial...
MTA Membership Dues Renewal Approximately 25% of our membership has dues expiring in the months of June and July. It is important that you renew in a timely fashion to ensure there is no disruption...
New Educational Content This Month
December 6, 2023
Marrying Fundamental and Technical Analysis for Independent RIAs
Presenter(s): David Rath
November 22, 2023
Utilizing Trend & Mean Reversion in Breadth Studies to Gauge Market Conditions
Presenter(s): Victor Riesco
November 18, 2023
Beating the Bench
Presenter(s): Scott Brown, CMT