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Technically Speaking, November 2007

From the Nominating Committee

Dear Members, Honorary Members and Emeritus Members, Every year, the Nominations Committee chooses the slate for the Board of Directors that everyone eventually votes on at our MTA Annual Meeting (next Annual meeting in May-June, 2008). While thanking previously members who have served, the Committee is now totally open and I therefore need to hear from Members, Honorary Members and Emeritus Members who would like to serve on this important committee. It is not too cumbersome a job but it is a key one since you will chose potential Board members that ultimately drive and lead the MTA in the future. For a more detailed explanation of the MTA Nominating Committee and its processes, please refer to the MTA By-Laws, Section BL 7.02 E. (Can be found in the “Mission” Section of our web-site). I encourage all Members to apply, especially those Members outside the USA. I would really like to see this Committee reflect the diversity of the MTA membership. Would all those interested please drop me an email with a very brief

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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.

What's Inside...

From the Executive Director

by Tom Silveri

MTA Membership: This month we have a number of items on the docket… First, I would like to wish those candidates that sat for the CMT Exam good luck. This administration, for levels 1 and 2,...

In Depth With Robert R. Prechter, Jr - Executive Director, The Socionomics Institute and Founder and President, Elliott Wave International, Inc.

by Molly Schilling & Robert Prechter

Robert Prechter authored the “industry standard” literature on Elliott wave theory back in 1978 and subsequently founded Elliott Wave International, which today employs 80 people in Gainesville,...

US Oil Consumption and the Needs of the Military

by Molly Schilling

Editors Note: While not strictly technical analysis, Molly considers supply and demand from a unique perspective and her article highlights the value of analyzing the news from this viewpoint. In...

Borderless Investment Analysis A Review of VectorVest Europe Software

by Matt Blackman, CMT & Michael Carr, CMT

Globalization makes it possible for large traders to profit from the best opportunities around the world. Hedge funds employing these strategies make large bests based upon macroeconomics and are run...

From the Executive Director

From the Executive Director

MTA Membership:

This month we have a number of items on the docket…

First, I would like to wish those candidates that sat for the CMT Exam good luck. This
administration, for levels 1 and 2, you will be notified of your score in 4-6 weeks. The reason for the delay is that there are several new questions added to both the CMT 1 and CMT 2 exams as a direct result of changes to the CMT 1 and CMT 2 reading assignments. To ensure that all candidates are treated fairly and in accordance with established industry practices, the CMT Accreditation Committee and Prometric will conduct an evaluation of the performance of each new question. This “psychometric” process allows us to evaluate how all CMT 1 and CMT 2 candidates performed on the new questions, thereby facilitating a determination of whether or not each question performed as expected. Moreover, this process helps

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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In Depth With Robert R. Prechter, Jr - Executive Director, The Socionomics Institute and Founder and President, Elliott Wave International, Inc.

In Depth With Robert R. Prechter, Jr - Executive Director, The Socionomics Institute and Founder and President, Elliott Wave International, Inc.

Robert Prechter authored the “industry standard” literature on Elliott wave theory back in 1978 and subsequently founded Elliott Wave International, which today employs 80 people in Gainesville, Georgia, providing research around the clock to subscribers throughout the world. Mr. Prechter has updated Elliott Wave Principle (1978/2005) to include new guidelines for each wave formation; he has also published The Wave Principle of Human Social Behavior (1999) and Conquer the Crash (2002). Currently, Mr. Prechter is furthering his research on his theory of socionomics. He recently co-authored a paper with psychologist Wayne Parker for The Journal of Behavioral Finance (2007, Vol. 8, No. 2, 84-108) to illustrate the conceptual framework for examination by scholars and academics. The paper points out that traditional economic theory does not account for financial markets’ price action – which can more reliably be attributed to the new paradigm of socionomics. He has long held that events

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)

Molly Schilling

Robert Prechter

US Oil Consumption and the Needs of the Military

US Oil Consumption and the Needs of the Military

Editors Note: While not strictly technical analysis, Molly considers supply and demand from a unique perspective and her article highlights the value of analyzing the news from this viewpoint.

In 1911, Winston Churchill, then First Lord of the Admiralty, converted the British fleet from Welsh coal to foreign oil. The resulting gain in speed, and decrease in logistics burden, gave the British navy a decisive advantage over Germany’s Bundesmarine. This shift toward a foreign source of energy catalyzed what now has become a century – long geopolitical scramble— of major economic powers continuing to seek and secure oil. (1)

Astute traders have likely eyed the unending upward momentum of crude oil over the last year and wondered what pattern will finally present itself as a reversal, and what kind of duration that pattern will signal and entail. As Technical Analysts, we look for continuations and reversals — after all, Dow

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)

Molly Schilling

Borderless Investment Analysis A Review of VectorVest Europe Software

Borderless Investment Analysis A Review of VectorVest Europe Software

Globalization makes it possible for large traders to profit from the best opportunities around the world. Hedge funds employing these strategies make large bests based upon macroeconomics and are run by traders such as George Soros. Although the extensive research capability required to be successful in the global marketplace alongside great traders has prevented the small investor from participating in markets beyond their borders, here is a product the narrows the gap.

VectorVest Europe, an innovative new product from VectorVest, has dissolved this barrier between small investors regarding countries in Europe, allowing for technical and fundamental evaluation of companies trading in Amsterdam, Vienna, Brussels, Paris, Xetra, Berlin, Madrid, Irish, Milan and Lisbon, a total of ten exchanges in a single software platform.

VectorVest has long offered similars product for the United States and Canadian markets, and more recently the United Kingdom and the European version brings the same capabilities found in those

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)

Matt Blackman, CMT

Michael Carr, CMT

Michael Carr, CMT

New Educational Content This Month

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