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Technically Speaking, November, 2005

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

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What's Inside...

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 Stand

by 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 Analysis

by 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 Meeting

by 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 Points

by 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...

From the President’s Desk “Surprising Feedback”

From the President’s Desk “Surprising Feedback”

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, I immediately received a flurry of emails with feedback and opinions. What surprised me was that there was not a single negative or critical email. Aside from some those that remained neutral, every single other email was very positive about our behaviour and approach with IFTA, the steps we have taken and what the MTA’s role is as a leader in the global technical community both now and going forward. This is very heartening to see and hear and I thank you for the very positive comments.

As always, another month seems to bring another piece of good news about the MTA. In fact, I think the last month has been one of the most important in

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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From the Executive Director’s Desk “NEW CMT testing”

From the Executive Director’s Desk “NEW CMT testing”

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 exams at 347 sites around the world. Although Thomson cautioned us that we should expect a decrease in the number of test takers the first time around, and although we did experience some capacity limitations in a few sites, we did not experience any hesitation on the part of test takers. The demand for the CMT is strong and growing.

Marie Penza and I were in the Woodbridge office on Saturday October 29, 2005 to field questions and respond to problems during the kickoff. I am pleased to report that overall the experience for candidates was extremely positive. They found the test sites professionally run and the proctors courteous and helpful. Frankly, the opinion was that these sites

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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Where We Stand

Where We Stand

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 technical analysis community. People on both sides of the ongoing controversies between the two organizations have various opinions but I thought it was incumbent upon me to let everyone know what steps have been taken and where we currently stand.

There are now two technical organizations with members around the world. There are now two technical certification programs with test-takers around the world. I do not think this is a good thing for our profession which, while having made great strides over the last few years, is still not where it needs to be when compared to the fundamental community. We are fractured, we are competing with each other. In this situation, we will all lose.

The MTA has

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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Profits and Pitfalls of Insider Trading Analysis

Profits and Pitfalls of Insider Trading Analysis

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 instructor, Andy began with simple definitions to establish a common knowledge base for meeting participants:

  • Operating officers are insiders with day-today knowledge of sales and product trends. Their actions usually offer the most reliable indication of insider activity.
  • Directors represent “Big Picture” insiders with varying degrees of knowledge. It is best to confirm their activities with an analysis of the actions of operating officers.
  • Large shareholders are those that control at least 10% of a company’s stock. These insiders are often savvy individuals with insight into the company and proven track records of successful investment.
  • Hedge funds may file as insiders because of their size and trading style. However, since they are mostly driven by short-term performance, their activity is not nearly as reliable

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Michael Carr, CMT

Michael Carr, CMT

Andre Ratkai, CFA

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MTA NY Monthly Meeting

MTA NY Monthly Meeting

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 , by Christopher Cady, was entitled Voyage through Market Profile and the Associated Studies of Cap Flow.

Jeanette, Regional Chairperson for the NYC Chapter, begins with an overview of the presentation. Garry then follows up with a recounting of the presentation, including his comments and a post-presentation interview with Christopher Cady. The included charts are a little difficult to read, because they are a scan of the actual hard-copy charts Mr. Cady used in the presentation, along with his hand-written annotations.

Overview by Jeanette Young, CMT, CFP October 12, 2005

Last week the New York chapter of the Market Technicians Association had a wonderful meeting at the New York Board of Trade. The subject of the meeting was Market Profile. We were lucky to

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Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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How To Use Pivot Points

How To Use Pivot Points

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 pilots, cell phones and the general wireless world, floor traders and market makers relied on hand-scribbled price points of where buyers / sellers should cluster their stops. The information age has arrived, but these valuable price points still retain their power over market action hence.

Pivot Point General Guidelines

Of utmost importance to know, daily pivot point values tend to be touched or traded thru roughly 75% of the time. In other words, seven out of every ten sessions for any liquid market will see the daily pivot point come into play at some point during live trading. I know this to be true, because fellow traders and I have done the math, counted daily touches of stock index E-mini markets

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Austin Passamonte

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New Educational Content This Month

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