Letter from the Editor
In this month’s issue of Technically Speaking, we proceed from the theoretical side of technical analysis to the practical application of technical analysis. The theory is important to understand, ideally before you start putting real money into trading ideas. Perhaps that last idea is what separates the professionals in our audience from the many failed traders that find technical analysis doesn’t work. It’s not that technical analysis doesn’t work – it’s more likely that the default settings of an indicator they saw on a web site don’t work.
Several prominent technicians offer examples of what they have read over the years. Combined with the CMT reading list, which can be downloaded here, there is a lot to learn. If you haven’t reviewed that list in a few years, it’s worth taking a look at the changes that have been made over the past couple of years. The MTA library has many, if not all the technical analysis books that are worth reading.
We also include two articles showing how to turn theory into actionable analysis as we attempt to continue offering something for everyone in each issue of the newsletter. Larry Berman’s analysis is long, but our electronic format allows us to reproduce it in its entirety. It can serve as a valuable example of quality analysis to those new to the profession.
Finally, I’m looking forward to seeing many of you in New York City for the Annual Symposium. I’m not sure what the official numbers say, but the early registration seems to be much higher than last year and the attendees and speakers I’ve had a chance to speak with are enthusiastically looking forward to the event. If you haven’t decided to join us yet, please think about it. You won’t be disappointed and you’ll learn a lot, no matter how much you already know. While you’re in New York, you can also stop by the MTA library and see the physical enormity of the literature in our field.
Mike Carr, CMT
The MTA Library: An Overlooked Benefit?by Michael Carr, CMT
Learning technical analysis is different than mastering many other disciplines. Until recently, there has been little in the way of formal education. The introduction of the CMT Institute and...
Bull market? Bear market? Nu? Mu? Lessons in Semantics…by Charles Bassetti
This article was originally posted at http://www.edwards-magee.com/2010/01/14/bull-market-bear-market-nu-mu-lessons-in-semantics/ on Jan 14, 2010. There is a famous zen story (mondo) about a monk...
Real Data Versus Fake Databy Tom McClellan
appreciated the inclusion of the article by Jasmina Hasanhodzic, Andrew W. Lo, and Emanuele Viola concerning technicians being able to detect real price history data versus random data. I have heard...
US Stock Market Returns – What is in Store?
Last month, we published an article in Technically Speaking entitled “US Stock Market Returns – What is in Store?” and asked if it was an example of technical analysis. We received...
Theory to Practice – Bollinger Band Toolsby Michael Carr, CMT
Elsewhere in this issue, we offer examples of influential books. Experienced technicians often read a wide variety of materials to find what works for them. Eventually, they find a suite of tools...
A Detailed Technical Strategyby Larry M. Berman, CMT, CTA, CFA
Editor’s Note: Technical analysis is a complex field. Larry has allowed us to reprint one of his daily reports which demonstrates this. There is some commentary, but this report presents an...
S&P 500 Technical Strategyby Larry M. Berman, CMT, CTA, CFA
More details on Larry’s work can be found at ETF Capital Management (http://www.etfcm.com/index.php) It was impressive to see the market bounce back after the Goldman Sachs debacle and it is...
MTA May Symposium 2010 – Don’t Miss Out! Register today and join 200 of your colleagues and fellow MTA members at this year’s MTA Annual Symposium. This event will be an excellent...
New Educational Content This Month
February 1, 2023
An Introduction to Technical Analysis
Presenter(s): Ralph Acampora, CMT
January 4, 2023
High Profit Candlestick Patterns
Presenter(s): Stephen W. Bigalow
December 12, 2022
Structural Interest Rate Reversal Finally Underway?
Presenter(s): Louise Yamada, CMT