Letter From The Editor
Many readers already know that Fred Dickson, CMT, passed away at the end of October. In this issue, we look at an example of his work. It is an amazing example of clarity and focus and provides an example of how to turn ideas into actions. Fred dedicated much of his life to helping others turn ideas into actions.
As with most great individuals, outstanding professional accomplishments are just one small part of their life. Gail Dudack, CMT, notes, “Fred was probably the smartest and most gentile person i have known. And while he had a great reputation on Wall Street and CNBC, his true passion was counseling people who needed help and he did this for decades as deacon of his church. He was always there if you needed him. But his greatest passion was his harem: wife Linda, daughters Kathy and Barbara.”
Fred also played a significant role in turning the ideas of technical analysis into a respected profession. It is impossible to overstate the impact Fred had on the MTA. He became a member in September 1978 and served as president from 1983 tom 1984. Fred earned his CMT designation in April 1991.
Ralph Acampora, CMT, credits Fred with kick starting the CMT program. Ralph noted that Fred personally wrote the first 300 questions for the exam. Ralph also recalled that there was a period of time when the MTA Library was homeless and Fred stepped in to keep the library functioning. Along with his wife, Linda, Fred moved the books to his garage and made them available to members while the MTA looked for a new home.
In all likelihood, Fred would prefer that we take inspiration from his life rather than isolated memories. Even if never had the opportunity to meet Fred, consider Gail Dudack’s comments as a summary of his personality and consider Ralph’s recollections as a summary of his commitment to his profession. We can all find inspiration in his life and acting on those inspirations would be the legacy Fred would desire and deserves.
THE WARNING SIGNS OF MAJOR MARKET TOPS (UPDATED TO AUGUST 15, 2014)by LOWRY RESEARCH CORPORATION
Editor’s note: This paper was prepared and originally published by Lowry Research Corporation and is published here with permission. Paul Desmond is President of Lowry Research. Paul also wrote the...
DOW AWARD HIGHTLIGHT: PAUL DESMOND
The winner of the 2002 Charles H. Dow Award, Paul Desmond, is President of Lowry Research. He joined the firm in 1964 as Director of Research and advanced to the Presidency in 1972. Over the past 45+...
IN MEMORY OF FRED DICKSON, CMT
Fred Dickson, CMT, Senior Vice President, Chief Investment Strategist, passed away on October 31, 2014, after a brief illness. Fred worked as an investment analyst for more than 40 years. In his...
A TECHNICIAN'S PERSPECTIVE ON INSIDER TRADINGby Michael Carr, CMT
When we think about insider trading, we usually picture company executives buying out of the money calls on their company stock right before a takeover announcement. That is just one way to define...
BLOOMBERG BRIEF: S&P 500 SEASONALITY AND CYCLES HISTORICALLY BULLISHby Paul Ciana, CMT
Editor’s note: This was originally published in the October 30, 2014 issue of Bloomberg Brief: Technical Analysis and is excerpted below. U.S. equity markets have performed best from October to May...
CALL FOR NOMINATIONS
Members, Affiliates and Friends… The MTA Awards Committee is pleased to announce that as of November 1st we will be officially accepting nominations for the 2015 Honorees. We welcome you to submit...
SEATTLE MTA CHAPTER SUMMARYby Leslie Jouflas, CMT
The Puget Sound Chapter had the pleasure of hosting Heather Greshan and John Antal at a meeting on October 9, 2014. They gave a captivating presentation on the Investor Business Daily’s...
On September 2, 2014, the Board of Directors of the Market Technicians Association suspended the MTA membership of Juan Carlos Parets, including the right to use the Chartered Market Technician...
BLOOMBERG BRIEF: TECHNICAL ANALYSIS MAKES EQUITY ANALYSIS “CRYSTAL CLEAR”by Cynthia A. Kase, CMT, MFTA
Editor’s note: This was originally published in the October 16, 2014 issue of Bloomberg Brief: Technical Analysis and is excerpted below. GT Advanced Technology recently filed for bankruptcy....
INTERVIEW WITH MATT BAILEY, CFAby Matt Bailey, CFA & Amber Hestla-Barnhart
How would you describe your job? I’m a portfolio manager and investment analyst at a boutique wealth management firm here in Atlanta. I manage or comanage around a dozen asset...
BREAKOUT SIGNALS ON THE DOW AND S&P 500 PART ONE: WILL THEY HOLD, AND SIGNAL THE NEXT MAJOR BULL MARKET, OR THE EXACT OPPOSITE?by Scott Hathaway, CFTe
Overview This two-part article will provide evidence of the stock market attempting to successfully break above resistance in a fashion that has only occurred three times previously in the Dow’s...
CHART OF THE MONTH
Crude oil futures have recently broken to multi-year lows as the weekly chart below shows. The monthly chart provides a longer-term perspective and shows that oil is testing support levels that have...
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