Letter from the Editor
In this issue of Technically Speaking, we provide a great deal of information on market breadth. An interview with well known technician Dick Arms provides insight into the work and current thinking of an industry legend.
Several articles detail a small part of the work of Dr. Humphrey Lloyd, unknown to the majority of technicians. Although trained as a pathologist, he has written widely on technical analysis and has developed unique and useful indicators. In learning about Dr. Lloyd’s work, I personally was struck by the similarity to the life of a technician who came to the field late in life but produced more than many others who spend their whole lives researching market action – Arthur A. Merrill, CMT.
Both enjoyed great success in their original profession. Both brought the skills they employed in that profession to the markets. Both men were prolific authors, sharing their knowledge with all who wished to learn. But the most defining characteristic of both is that they can best be described as “gentlemen.”
This is an adjective that few aspire to in the current environment. Wall Street is more associated with greed than anything else today. But there are still gentlemen and gentlewomen in our field, and I strongly urge the young technicians to reach out to them and learn about technical analysis, and life, from these examples of the life well lived.
Mike Carr, CMT
A Nontraditional Technicianby Michael Carr, CMT
It seems that technical analysis is a great second career for many successful people. Arthur Merrill is a well known example of someone who spent a lifetime succeeding as an engineer and finding...
MBI in MetaStock
Developed by Matthew N. Xiarhos, CFP, Founder & Chief Investment Officer of Absolute Return Portfolio Management LLC, and reprinted with permission. Matthew may be reached at...
TradeStation Code for the Moving Balance Indicatorby Mike Gutmann
This code is presented as a general guide for programming and may not be 100% correct. inputs: AdvIssues( Close of data1 ), DecIssues ( Close of data2 ), AdvVol ( Close of data3 ), DecVol ( Close of...
Stock Trading 101: Dr. Humphrey Lloyd's Timeless Trading Tips
The RSL Market Timing Method summarized two decades of Dr. Lloyd’s research into the markets when it was published in 1991. In addition to providing specific trading methods, the book contains...
Letter to the Editorby Robert Peirce
The November issue of Technically Speaking included an article called “The Importance of Mid-Term Year Lows” by Paul Shread, CMT. Bob Pierce offered the following insight related to that cycle: I...
Buy & Hold Investing 'R.I.P.'by Ken Winans, CMT
Every bull market produces its fair share of investment myths and financial fads. During the “Roaring” 1920’s, buying equities with high levels of margin debt was the norm among...
An Interview with…Dick Armsby Dick Arms & Yevgen Avramych
Richard Arms, a pioneer in the field of technical analysis, recently gave me the pleasure of speaking with him about his own past and the state of the markets today. Arms has been watching the...
Short Term Trading Strategies That Work by Larry Connors and Cesar Alvarezby Laurence Connors & Cesar Alvarez & Michael Carr, CMT
Larry Connors and the firm he founded, TradingMarkets.com, are known for exhaustive research. In Short Term Trading Strategies That Work,Connors and Alvarez exceed the high standards they are known...
The Source of Grumbling from Industry IT Departmentsby Clare White, CMT
If you’ve heard an increased level of distress coming from your IT Department, there’s a good chance it stems from the Options Symbology Initiative (OSI). While the transition to penny...
Teaching Technical Analysis in an Academic Settingby Matthew Caruso, CMT
Having served as director of the Montreal chapter of the Canadian Society of Technical Analysts (CSTA) for two years, as well as vice president for several months, discussing technical analysis with...
MTA Educational Web Series – Sign Up Now The MTA is pleased to announce the next presentations of the FREE MTA Web Series. Friday, March 6th, 12:00 PM EST, Ned Davis and Tim Hayes, CMT will...
New Educational Content This Month
October 22, 2021
Systematic Multiple Time Frame Investing
Presenter(s): Bill Kelleher, CMT, CFA
October 20, 2021
Volume Analysis Series (Part 3): Volume Analysis with Indexes
Presenter(s): Buff Dormeier, CMT
October 13, 2021
Understanding Market Internals to Identify Turning Points
Presenter(s): Mike Hurley, CMT