Letter from the Editor
This month, we are simply highlighting the success of technical analysis. The MTA remains at the forefront of the field and its general acceptance throughout the investment community. In this issue, the success of another regional seminar is detailed. These one-day seminars play host to over 200 attendees and will undoubtedly continue to be well-attended wherever they are held.
We also feature an article highlighting the technical analysis of noted analysts Jeremy Grantham and David Rosenberg. While Grantham may not admit to being a technician, his work is easily recognized to members of the MTA as technical analysis. Rosenberg has a large audience and frequently offers technical analysis, helping to increase the acceptance of technical analysis among institutional investors.
It seems obvious now that the widespread acceptance of technical analysis in the investment community took a giant step forward when the CMT exam process was introduced. Two articles detail parts of that process: Lance McDonald describes studying and Brad Herndon describes grading.
Academia frequently looks at technical concepts and uses different terms to describe well-know concepts. As one example, academic papers about momentum are easily recognized as relative strength strategies by practitioners of technical analysis. An article by George Rahal bridges the divide between behavioral finance (in academic terms) and technical analysis.
Please let us know what you’d like to see in future issues of Technically Speaking.
Mike Carr, CMT
A Successful MTA Regional Seminarby Derek Hernquist
On January 29th, 175 individuals gathered at the Hilton Charlotte Center City to attend the MTA’s Southeast Regional Seminar. The morning started with a live webcast presentation from Keynote...
Cognitive-Behavioral Analysis of Financial Marketsby George Rahal
In this article, I explore investor psychology and investment themes within a framework borrowed from the branch of psychology known as cognitive-behavioral theory. Studies have found...
CMT Exam Prepby Lance McDonald, CMT
The CMT exam process requires passion and stamina, but I have found that it is not too different from real life. Just this week there was a debate among our floor traders about whether to hedge a...
Grading the CMT Examsby Brad Herndon, CFA, CMT
Recently, Level 3 exams were graded in a standard hotel conference room near New York City. We’ve all spent too many hours in those rooms and know all the mind numbing details – plain walls...
Interview with Trevor Neilby Trevor Neil, MSTA, MCSI & Amber Hestla-Barnhart
How would you describe your job? I am a fund manager and use my long market experience to offer market timing skills courses for institutional clients. I have a prestigious list of intuitional...
Intermarket Analysis with John Murphy, CMTby John Murphy, CMT & Michael Carr, CMT
John Murphy, CMT made a presentation to the New York chapter on June 14, 2004. It is available on the interactive On Demand Video Archives. Murphy’s 1990 book, Intermarket Analysis, was one of the...
Technical Analysis Does Get Respectby Michael Carr, CMT
Jeremy Grantham is a well-regarded stock market analysts and portfolio manager. His quarterly letters are read by many investment professionals, and are available at http://www.gmo.com/America (free...
Spring 2011 CMT Exam Administration – Sign Up Now Registration for the Spring 2011 CMT Administration is open for all three levels! Sign up today to ensure your preferred time, date, and...
New Educational Content This Month
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
October 25, 2023
Equity Risk & Potential – Q4, ’24 & Beyond
Presenter(s): Timothy Hayes, CMT