From the Editor’s Desk “November Issue of Technically Speaking”
I believe these past several years have been the most dynamic and important ones in the history of the MTA. During this time, the MTA grew up. We went from an obscure social club primarily for New-York-based technicians, to a professional regulatory organization (PRO) with an industryaccepted professional certification program, computerized testing and a new state-of-the art computer platform to service its Membership. But, with growth and success often comes change – you just can’t get around it.
One of these changes has been our relationship with IFTA, the International Federation of Technical Analysts that our own Ralph Acampora founded many years ago. On the cover, MTA President Jordan Kotick explains our current relationship with IFTA and how we arrived there, and also shares some of the dialogue that he has had with IFTA President Bill Sharp to try to resolve our current conflict. Being on the MTA Board myself, I realize we have already sent out a very detailed account of this issue. But, because we feel it is so important for us to make every effort to accurately inform the Membership on the details of this issue, we would rather provide a little too much information than not enough.
Inside, Contributing Editor Mike Carr, covers the July 16th meeting of the Denver Chapter, which featured a presentation by Andy Ratkai on Insider Trading. Also inside, Contributing Editors Jeannette Young and Garry Rissman provide detailed coverage of the October meeting of the New York City Chapter, which featured a presentation by Christopher Cady on Market Profile. Market profile is a relatively obscure charting technique that is very popular with floor traders. This issue also features a “how-to” article by professional trader Austin Passemonte, who uses mathematically-derived pivot point numbers to determine market trend and trading opportunities.
Finally, just a quick reminder to make your reservations for the MTA’s 2006 Winter Retreat to be held on January 20th and 21st at the Four Points Sheraton in Miami Beach.. Each session will explore technical analysis from a different perspective, including trading, research and portfolio management. It looks to be a great event, not to mention just being in Miami in January is a great event in itself.
Hope you enjoy this issue.
John Kosar, CMT
From the President’s Desk “Surprising Feedback”by Jordan Kotick, CMT
Based on our recent letters, based on my note in this newsletter, the IFTA issues are well defined. It is interesting though…. after the letters were sent from the Board to the MTA membership,...
From the Executive Director’s Desk “NEW CMT testing”by John R. Kirby
The weekend before October 31, 2005 was another big one for your MTA. It was the first day of our first world-wide computerized testing for the CMT. Approximately 600 members and affiliates took the...
Where We Standby Jordan Kotick, CMT
Fellow Members and the International Technical Community, By now, everyone should be aware that we are no longer part of IFTA, an organization that was launched to serve as a framework for the global...
Profits and Pitfalls of Insider Trading Analysisby Michael Carr, CMT & Andre Ratkai, CFA
On July 16th, Andy Ratkai provided the audience at the Denver MTA Chapter meeting with specific guidelines they could use to benefit from the activities of corporate insiders. Like any good...
MTA NY Monthly Meetingby Garry Rissman
Editor’s Note: Contributing Editors Jeanette Young and Garry Rissman covered the October 3rd meeting of the New York City Chapter of the MTA. for Technically Speaking. The featured presentation ,...
How To Use Pivot Pointsby Austin Passamonte
Pivot points, floor levels, support/resistance values. Various labels for the same tools: a calculated formula for what should be “fair value” in a market to follow. Before the days of palm...
John R. Kirby
Michael Carr, CMT
Mike Carr, who holds a Chartered Market Technician (CMT) designation, is a full-time trader and contributing editor for Banyan Hill Publishing, a leading investment newsletter service. He is an instructor at the New York Institute of Finance and a contributor to various...
Andre Ratkai, CFA
Andre Ratkai, CFA is President and Chief Investment Officer of Praxis Advisory Group, Inc., an independent investment advisor providing portfolio management and asset allocation services for stock, bond, and mutual fund investors. Mr. Ratkai provides the investment management...
Austin Passamonte is a full-time professional trader who specializes in E-mini stock index futures, equity options and commodity markets. Mr. Passamonte’s trading approach uses proprietary chart patterns found on an intraday basis. Austin trades privately in the Finger Lakes...
New Educational Content This Month
May 24, 2023
The Four P’s of Investing
Presenter(s): David Lundgren, CMT, CFA
May 17, 2023
Using Technical Analysis to Develop Options Trade Ideas
Presenter(s): Greg Harmon, CMT
April 28, 2023
Using Market Timing to Enhance Returns
Presenter(s): Tom DeMark, Larry Williams