As it is for so many people, especially those who worked in downtown Manhattan and the Pentagon, this month holds special meaning as it marks the 20th anniversary of the attacks on 9/11. As the Association, then known as the Market Technicians Association (MTA), had its headquarters in the North Tower of the World Trade Center, we were deeply affected. First and foremost, we had our own people in the building when the events unfolded. Fortunately, everyone working in the office was able to escape to safety. But we did suffer a huge loss as one of our members perished in the Tower collapse, and so did our office, along with our library and a good deal of our written history.
In this month’s edition, we have an updated version of the experience of Shelley Lebeck, our long-time office manager, from first feeling the building shake to her escape uptown. We also are re-running a piece written by Barbara Gomperts, our marketing consultant and production coordinator, about how the Association was able to bounce back so quickly. And Ralph Acampora relates his thoughts; he was President of the Association at the time. The point of all this is to show how the Association was dealt a huge blow, but was able to overcome it and continue to serve our members. That is the power of a membership community who cares and gets involved. Here is but one example: the late Bill Doane, who I thank daily for saving every edition of Technically Speaking, drove down from Boston with boxes of books from his own personal library as a gift to kickstart the library rebuild. Also, as luck would have it, I had a stash of MTA photos at home with me as I was putting together our tradeshow marketing booth. At least we had some of our visual history to seed new memories.
There are, of course, other things happening in the Association as we continue to move forward. This month’s member interview is with Ryan Detrick, CMT, who you may have seen many times on TV and Twitter, as he spreads the word on technical analysis. We’ve got news about the upcoming Asia Pacific Summit virtual event, as well as member news, information on the new Fill the Gap podcast episode and the announcement that our submission period is now open for the 2022 Charles H. Dow Award.
Be a part of this. Join a committee. Share your knowledge with the next generation of technicians. Even just attend the annual symposium. You will be glad you did.
This is the final edition of Technically Speaking in its current form. The Association is combining this newsletter with the Technical Insights newsletter, and I will be handing over the reins to Rashmi Shastry, CMT and the new team. Executive Director Alvin Kressler has more about this initiative below.
Michael Kahn, CMT
President's Letterby Brett Villaume, CMT, CAIA
Volunteerism is the lifeblood of the CMT Association – always has been. But serving doesn’t just benefit the Association. It also unlocks the ability for CMT charter holders to advance their...
2022 Charles H. Dow Award Submissions Now Openby Emily E.A. Meyer
Submissions for the 2022 Dow Award are now open, and will remain open until December 7. In 1994 the CMT Association established the Charles H. Dow Award to highlight outstanding research in technical...
Virtual Asia Pacific Summit Taking Place October 2-3by Jamie Coutts, CMT, CFTe
The inaugural Asia Pacific Summit presented by CMT Association brings together the very top global and regional practitioners from both the buy and sellside communities. Over two knowledge-packed...
Shelley Lebeck's September 11th Experienceby Shelley Lebeck
Editor’s note: These are MTA Administrative Manager Shelley Lebeck’s thoughts, most of which were written shortly after her escape from the North Tower. As the organization was known as the...
From Wall Street to Main Street (or How the MTA got to Woodbridge, NJ)by Barbara I. Gomperts
Many might wonder how the MTA was able to get back to work so soon after September 11 when all they had was totally destroyed. How did they get an address, phone, etc. so soon? Well, there is a story...
Tragedy and Triumph: Ralph Acampora's Storyby Ralph Acampora, CMT
I was the President of the then-Market Technicians Association (MTA) and the Director of the Technical Research Department at Prudential Securities on September 11, 2001 and was on a business trip in...
Member Interview with Ryan Detrick, CMTby Ryan Detrick, CMT
Please tell us what you do professionally. I am the Chief Market Strategist at LPL Financial. We are the largest independent Broker/Dealer in the country, with more than 19,000 Advisors and more than...
Technically Speaking Transitions to New Editorial Teamby Alvin Kressler
The CMT Association is excited to announce that Technically Speaking is entering a new chapter, welcoming Rashmi Shastry, CMT as Editor. Earlier this year, Rashmi spearheaded the Technical Insights...
Fill the Gap Episode 9, Featuring Chris Verrone, CMT Now Streamingby Tyler Wood
Consistently ranked among the top macro analysts on Wall Street in the annual All-America Research Survey by Institutional Investor magazine, Chris is known to most in this business as one of the...
Membership Newsby Marie Penza
CMT Standard registration for the CMT exams will close on October 4 and late registration will be open until November 15. The December 2021 test administration will begin on December 2 and close on...
New Educational Content This Month
This month, we’ve added a webcast presentation featuring Buff Dormeier, CMT to our archives, as well as updated the recordings of July’s European Summit. If you need to brush up on your technical listening ability in advance of the APAC Summit, this is the place to start.
Submissions for the 2022 Dow Award are now open, and will remain open until December 7.
In 1994 the CMT Association established the Charles H. Dow Award to highlight outstanding research in technical analysis. The Award has received over 160 submissions, and recognized 23 papers for their excellence. Of the more than two dozen authors/coauthors who have won, eight have gone on to publish books based on their submissions to the Charles H. Dow Award. Winners have presented at the CMT Association’s Annual Symposium, local chapter meetings, and participated in CMT Association podcasts and/or educational web-series. The Award carries a prize of $5,000; winners are often presented at the CMT Association’s Annual Symposium.
The competition is open to all practitioners and academics. Submissions will be judged based on their ability to enhance the understanding of market action, the concepts of technical analysis, and thorough research. Additional information on the Standards of Judgment are included within the Guidelines for Submissions.
While the winning paper will be published in the Journal of Technical Analysis, other research for publication in the Journal is accepted on a rolling basis year-round.
For more information on the Charles H. Dow Award, please contact DowAward@cmtassociation.org.
The CMT Association is excited to announce that Technically Speaking is entering a new chapter, welcoming Rashmi Shastry, CMT as Editor. Earlier this year, Rashmi spearheaded the Technical Insights newsletter initiative in our India community, which demonstrated the value of including free, timely technical analysis research in a monthly newsletter format. Although Technical Insights was a short-term initiative, its popularity and consistent quality led the Association to revisit the current format of Technically Speaking.
The strong structure that Michael Kahn, CMT developed as the editor of Technically Speaking for the past three years allows the new editorial team to maintain key sections like the Letter from the President, membership interviews, and stories about the historical evolution of the CMT Association. As we integrate the core concepts of Technical Insights, members can expect to also receive timely technical analysis articles addressing current market conditions and investment decision making methodology.
Starting in October, to accommodate this shift in content, Technically Speaking will publish on the 9th of the month with fresh monthly chart data in each issue. Additionally, several entry-level articles in each issue will be “unlocked,” allowing members to share research and analysis more freely with colleagues and friends.
By implementing these changes, the Association will diversify the level of technical analysis discourse presented in this monthly newsletter, as well as offer more accessible publication opportunities for our community. Rashmi is currently accepting articles from both member and non-member authors who wish to publish in Technically Speaking; please send a brief synopsis of the story you wish to tell, the stock or trend you wish to report on, or the technical tool you’d like to discuss to firstname.lastname@example.org to be considered.
The CMT Association would like to thank Michael Kahn, CMT for reprising his role as editor of Technically Speaking over the past three years, reviving the publication, and helping us re-establish its place in our members’ psyche as a place to go for information on the Association. Technically Speaking regularly tops our list of member engagement statistics. We are truly grateful for all Michael’s work and contributions through the years, and look forward to his future contributions looking back at CMT Association history and how it applies to the current environment.
New Educational Content This Month
October 20, 2021
Volume Analysis Series (Part 3): Volume Analysis with Indexes
Presenter(s): Buff Dormeier, CMT
October 13, 2021
CMT University Series: Mike Hurley
Presenter(s): Mike Hurley, CMT
September 16, 2021
CMT Program Informational Session
Presenter(s): Stanley Dash, CMT, Tyler Wood