LETTER FROM THE EDITOR
Technical analysis has always been focused on the application of knowledge. In the early editions of Edwards and Magee’s Technical Analysis of Stock Trends, they focused on how to trade chart patterns. But these pioneers of the field also included a theory explaining why the pattern should work. While applying the ideas of technical analysis is still the important consideration to practitioners, many academic researchers are working to uncover why the techniques work. In this month’s newsletter, we provide articles highlighting both the application of technical analysis and the research that technical analysis is stimulating in the academic community. This month’s newsletter also includes a summary of Tom Dorsey’s presentation at the Annual Symposium. The Symposium truly does provide a year’s worth of ideas and we will be presenting summaries of those ideas in the months ahead. Videos of this year’s presentations and the previous four years are available at http://symposium.mta.org/ and can be viewed at anytime.
As always, we welcome your feedback. Please let us know what you think of Technically Speaking, the MTA magazine, by emailing us at firstname.lastname@example.org.
RELATIVE STRENGTH: A CORNERSTONE OF TECHNICAL ANALYSISby Tom Dorsey & Michael Carr, CMT
Tom Dorsey opened the 2015 Annual Symposium with a presentation on the process that helped him build a $6 billion asset management firm. The complete presentation is available at the MTA’s...
YOUR TRADING CHARTS WORK BETTER WHEN MARKETS GET FROTHYby Edward J. Zychowicz, Ph.D, CFA, CMT
Editor’s note: In an article by Oliver Renick, Bloomberg recently featured the work of Dr. Edward J. Zychowicz which demonstrated the value of technical analysis. The original article is available...
BETA ROTATION INDEX LAUNCHED BY S&P DOW JONES INDICES BASED ON 2014 DOW AWARD- WINNING PAPER
The Charles H. Dow Award is presented annually for outstanding research in technical analysis. The 2014 winners, Michael Gayed, CFA, and Charles Bilello, J.D., CPA, CMT, demonstrated research can be...
INTERVIEW WITH PASCAL ZINGG, CFTe, CMT, CAIAby Amber Hestla-Barnhart & Pascal Zingg, CMT, CFTe, CAIA
How would you describe your job? I am working as a Technical Strategist in the Private Banking & Wealth Management division of Credit Suisse. My main task is to deliver a technical view on all...
WHEN DO STOP-LOSS RULES STOP LOSSES?by Kathryn Kaminski, PhD, CAIA & Andrew W. Lo, PhD
Editor’s note: This article is an extract of a paper originally published at the MIT web site. All references and additional support for the ideas tested can be found in the...
AUGUST 1914: WHEN GLOBAL STOCK MARKETS CLOSEDby Dr. Bryan Taylor
On June 28, 1914, Austrian Archduke Franz Ferdinand was assassinated in Sarajevo. This event led to a month of failed diplomatic maneuvering between Austria-Hungary, Germany, France, Russia, and...
ACROSS WORLD CURRENCIESby Paul Ciana, CMT
Editor’s note: This article was originally published in the May 21 issue of Bloomberg Brief: Technical Strategies. Below is an extract of that article. In Bloomberg Briefs, Paul Ciana, CMT,...
ETHICS CORNER: PROFESSIONAL CONDUCT STATEMENTS
Every year, members are required to complete a Professional Conduct Statement (PCS) when they renew their membership. Prospective members and affiliates are also required to complete the PCS. This...
CHART OF THE MONTHby Alex Cole
Editor’s note: This article was originally published in the May 21 issue of Bloomberg Brief: Technical Strategies. Below is an extract of that article. Alex Cole has put together a screen to show...
New Educational Content This Month
December 9, 2021
Discussion of Current Research – Chicago Chapter Meeting
Presenter(s): Matthew Timpane, CMT
December 1, 2021
Integrating into an Institutional Environment as a Technician
Presenter(s): Stewart Taylor, CMT
November 18, 2021
Using An Institutional Mindset With Growth Investing
Presenter(s): Matthew Caruso, CFA, CMT