LETTER FROM THE EDITOR
This issue starts with a small preview of the upcoming Annual Symposium. Michael Covel will be the keynote speaker and we are presenting a small sampling of his philosophy. Covel is an expert on trend following and is able to explain the strategy along with its rich history. His writings are a valuable source of information for traders and his talk will certainly be valuable for traders and those interested in market psychology and history.
Also in this issue, Scott Hathaway offers another insightful article with another technique that he has developed. Last month he presented pentagonal analysis with detailed examples and a complete explanation of how you could apply the ideas to any chart. Scott recently explained his investing philosophy to me. He believes that “the mechanism behind the market is the collective unconscious of the trading community is a whole entity existing in our universe conforming to mathematical properties like everything else. Geometry of price and time helps to reveal these underlying fundamentals of this collective energy.” We are just beginning to see what is in Scott’s fertile mind, but his work seems to be in the tradition of Gann and Elliott.
Market historians will also enjoy the article by George Schade who details the origin of the Schultz AT indicator. As always, we hope you’ll tell us what you think about Technically Speaking by sending an email to firstname.lastname@example.org
THE PHILOSOPHY OF TREND FOLLOWING - ADAPTED FROM MICHAELCOVEL.COMby Michael Covel
Michael Covel has studied trend following and written extensively on exactly how this trading strategy works. His research may be the most comprehensive look at what trend following is and the most...
INTERVIEW WITH SAM HALE, CMTby Sam Hale, CMT & Amber Hestla-Barnhart
This month, I had the opportunity to ask Sam Hale about his life in the markets. Sam came to the markets after a very successful career in radio, which is documented at Reel Radio, a repository of...
BACK TO THE DRAWING BOARD: PARABOLIC CURVES & THE DOWby Scott Hathaway, CFTe
As the Dow keeps climbing higher (although not yet outside of the external circle of the pentagon from last month’s article), I am pondering the possibilities of a new all-time high, as well as...
A LOOK AT INTERNATIONAL MARKETSby Ramy Rashad, CMT
From Egypt, Ramy Rashad offers insights into markets in the Middle East. Tadawul All Share Index (Saudi Stock Exchange)BOTTOM LINE: (Last Price: 7,031 Pt.) Wow, the monthly chart is about to speak. A...
2011 CUSTOMER SERVICE SURVEY RESULTS SUMMARYby Tyler Wood, CMT
Thank you for your feedback and comments on the 2011 Annual Member Survey. This Survey was distributed to the entire MTA membership. We would like to thank those of you that took the time to provide...
MTA HIRES DIRECTOR, CMT STUDIES
The Market Technicians Association, Inc., the leading global organization for technical analysis professionals and the governing body for the Chartered Market Technician (CMT) designation, has hired...
SCHULTZ AT - THE MISNAMED INDICATORby George A. Schade, Jr., CMT
Tracing an indicator’s origin is an exciting hunt. Gregory Morris and Robert Colby have written about the “Schultz AT” measure of market breadth. Morris asked who Schultz was but did not get a...
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