LETTER FROM THE EDITOR
As an organization, the MTA has a strong sense of history. One of the ways the MTA chronicles the history of technical analysis and the organization is through its Annual Awards program. Individuals from the past who have made contributions to the field are honored at the Annual Symposium. This year, six individuals were commended for their work and we present small summaries of their accomplishments.
We also include history in this newsletter as often as possible. This month, we conclude with a summary of the Darvas Box, a trading technique developed by Nicolas Darvas. Although better known as a dancer than a market analyst, Darvas wrote a New York Times Best Seller in the late 1950s that highlighted the value of technical analysis to the public. Technicians working with screening software can easily automate his approach instead of relying on weekly issues of Barron’s as Darvas did more than fifty years ago.
This issue also offers an extract of a recent academic paper that discusses some of the topics that are explained poorly in finance textbooks. This material could help some who are trying to explain the benefits of technical analysis to academics. Beta and the equity risk premium may be ill defined, yet cornerstones of pricing theories. Technical analysis offers an adaptive approach to investment theory and could be more useful in real-world trading than concepts like that.
As always, we enjoy learning what you think about Technically Speaking. Please email us at firstname.lastname@example.org.
MTA RECOGNIZES SIX WITH AWARDSby Michael Carr, CMT
At the recent Annual Symposium, the MTA recognized six individuals for their contributions to the field of technical analysis and the MTA. Three individuals – Dr. Martin Zweig, Steven C. Leuthold,...
MTAEF SPRING 2012 FUNDRAISER: TAKE AN ANALYST TO LUNCH AUCTIONby Bruce Kamich, CMT
The Market Technicians Association Educational Foundation (MTAEF) is holding an auction to raise funds for the mission of identifying and supporting educational programs in the field of technical...
INTERVIEW WITH RALPH ACAMPORA, CMTby Ralph Acampora, CMT & Amber Hestla-Barnhart
How would you describe your job? My ‘job’ is as Partner of a company called Altaira. We are a small wealth management company that has a set of outside managers who run separate portfolios. I am...
TEN BADLY EXPLAINED TOPICS IN MOST CORPORATE FINANCE BOOKSby Pablo Fernández
Editor’s Note: This is an extract of the paper. The full paper is available at http://go.mta.org/285 and portions are reprinted here with the permission of the author. Technical analysts focused on...
THE ORIGINAL TREND-FOLLOWER: NICOLAS DARVASby Michael Carr, CMT
In 1960, Nicolas Darvas published, How I Made $2,000,000 in the Stock Market, a book in which he described the Darvas Box trading method, a strategy based on weekly charts and trend following. As...
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