While fully reviewed by Dave Steckler elsewhere in this issue of Technically Speaking, there are a few more points worth considering about this software package. Larry Connors has been very open about his strategies for many years. He is well known for printing the exact entry and exit rules, along with verifiable results. This software bundles many of those ideas into one source. Results shown are backtested, but since they are grounded in logical assumptions, they are likely to be as successful in the future as they have been in the past. High probability strategies like many of the ones found in The Machine lead to low frequency trading activity. This software combines the strategies into a portfolio testing capability. Infrequent trading means that many strategies can then be used at one time. If you will only be invested a small percentage of the time, using multiple strategies maximizes the potential return

The first reaction when reading an investment book that has 18,000% in the title would typically be rolling one’s eyes, followed by moving on to the next book on the shelf. In this case, that would be a mistake. Co-authors Gil Morales and Dr. Chris Kacher have a strong investment pedigree, both having cut their stock market teeth working for the legendary William O’Neil, founder of Investor’s Business Daily and developer of the CAN SLIM method of investment. Given the copious amount of materials devoted to this method that has already been published by O’Neil himself, the reader might wonder what Morales and Kacher have to add to the subject of stock investing. While much of the material will be very familiar to CAN SLIM devotees, there are several new twists to stock investing introduced in the book that make it worth the read. The book begins with a quick run

On a beautiful fall weekend, the MTA Board of Directors could be found meeting with volunteers and staff members to discuss several of the important issues facing the organization. Some of these issues included an ongoing review of the CMT program, efforts to enhance the credibility of technical analysis in the financial community, and the efforts of the MTA Educational Foundation to improve the acceptance of technical analysis in the academic community. The CMT program is truly under constant review. Additional exam questions are always being prepared. The Body of Knowledge faces frequent analysis. The goal is to keep the material relevant and maintain the designation as the gold standard of certifications. From the information presented at the meeting, it is obvious that it’s a large effort which is necessary to ensure that the CMT will be respected in the future. You can help by participating in periodic job surveys that

MTA West Coast Regional Seminar – Video Archives Now Available! The MTA is pleased to announce that the archived videos from the West Coast Regional Seminar, held on September 18th, 2010 in San Francisco, CA, is now available! We’d like to extend our deepest gratitude to all of the presenters, attendees, volunteers, and sponsors (ProShares and TradeStation) who helped make this event possible. Click here to visit the MTA West Coast Regional Seminar video archives. MTA Test Development Committee – Two Openings! The MTA is looking for two CMT charter holders to join the Test Development Committee as subject matter experts. This is a three-year commitment that involves writing exam questions, grading CMT 3 exams, and attending all conference calls. We are looking for a minimum commitment of 40 hours per year. You will be paid in quarterly installments and will work as an independent contractor to the MTA. If interested, please send your resume