As technical analysts we are all too aware of the sort of chart patterns we should look for at market tops. Double and triple tops, quadruple ones even, the ubiquitous head and shoulders, islands, shooting or evening stars and hanging […]
Introduced by Guido Riolo, Bloomberg’s Head of Charting, as ‘a genius of the world of finance’ whose Sequential®, Combo®, and TD Lines® the terminal supplies, audience expectations were running high at the STA’s monthly meeting. A heavyweight in the world […]
Organised by Tom Hicks MENG MSTA MSCI, and more importantly the STA’s Head of Programmes, for many members it was an opportunity to scale new heights – if you could manage the rather complicated lifts to the 17th floor, that […]
An idea suggested by STA members, and one I wholeheartedly support, is not a ‘Book Club’ as such (way too bourgeois) but a forum to showcase and discuss books that are either new, useful, or beautiful (to paraphrase William Morris); […]
This month’s speaker, Riccardo Ronco of institutional equity brokerage Aviate Global, dashed in on a cold London evening looking just as dapper as you’d expect of an Italian. Claiming his compatriots were no good at cracking jokes to break the […]
We all know that the prime mover of technical analysis is a time series analysis of market prices, sometimes labelled as ‘descriptive statistics’ by statisticians. They then call all further analysis based on this data ‘inductive statistics’ which include forecasts, generalisations, and extrapolations.
Rather than the usual monthly format of guest speaker presentation followed by a handful of questions, January’s get together encourages audience participation and debate between the speakers themselves. The STA was lucky to have a panel of three very different […]
If, like me, you have spent way too many hours, days, and years studying charts – and more often than not staring blankly at computer screens – it’s nice to know some things only have to be done very occasionally; […]
These were the themes of Minouche Shafik, Deputy Governor markets and banking at the Bank of England, who chose the Institute of Directors’ grand premises on Pall Mall as the venue for her first major monetary policy speech. With a […]
Why oh why did I tell Professor Russell Napier that traditionally the speaker at December’s meeting should be brief because he kept STA members from the canapés and drinks at the after-party? The man is quite the maverick and rattled […]
DEFINITION: A characteristic of a time series in which the data experiences regular and predictable changes which recur every calendar year. Any predictable change or pattern in a time series that recurs or repeats over a one-year period can be […]
For those of you who could not make it to the STA Annual Dinner yesterday, we offer a glimpse into what was another successful and enjoyable evening. Pre-dinner drinks in the so-called smoking room (which is only permitted on the […]
At November’s STA monthly meeting we were treated to a very interesting talk by motivational coach Steve Ward (do watch the video which is now on the STA website). But there was an added extra in store for me over […]
I have found the DMI indicator to be a useful tool. The more traditional way to use this index is in conjunction with an ADX signal above 20 (this tells you that a market is trending in the first place). […]
Yesterday something completely different happened at the regular STA monthly meeting: a talk without charts! Well, just one but none of us managed to guess what it was: blood sugar levels of an Israeli parole board, so not an entirely […]
They’re easy to spot, but do we really know what they mean? October saw strong rallies in many equity indices and it got me thinking. First reactions are shock and awe, glee too, but digging a little deeper are the […]
We all know that bear markets work differently to bull ones, whether you look at it from an Elliott Wave perspective (five phases on the way up but only three on the decline), patterns (blow-off tops versus rounded bottoms), and […]
Technical analysis is truly international, not just because it has practitioners spread across the globe but because it is a common language we can all understand and relate to. It is another lingua franca, not like Esperanto but like maths, […]
The STA’s October monthly meeting was a real knock-out – but then what else would one expect from Jeremy? Timed to coincide with the release of his second book – 21st Century Point and Figure (our library has a copy) […]
Primary school first introduced us to basic charts, cutting up a pie into equal-sized portions to feed all those around the table, plotting the height of class members as a histogram, or a line linking the number of hours’ worth […]
Mickey is an STA member and he has produced this analysis, this represents his own opinion and is not representative of the opinion of the STA.
Since my last blog post regarding Fibonacci Extensions for profit targets, I have received some great feedback, so I would like to say thank you to everyone who took the time to read it. In this post I will be […]
On 18th February, on behalf of the Society of Technical Analysts, I presented the inaugural Finance Society lecture at Anglia Ruskin University’s Lord Ashcroft International Business School and showed the following chart. I argued that before making significant new highs […]
First of all I would like to say I hope I can do the blog justice in Nicole Elliott’s absence as I have immensely enjoyed her posts so far, secondly I wanted to post something in this blog that I […]
The S&P 500 index this year had held in the tiniest range in decades – 3.5 per cent either side of its opening level – then in August the beast turned nasty. Taking so many by surprise the Vix index, […]
Did you know that there are an awful lot of market professionals out there who are not technical analysts – yet they use charts all the time. As a technical analyst you might well believe that you have little to […]
According to Wikipedia: A fractal is a natural phenomenon or a mathematical set that exhibits a repeating pattern that displays at every scale. If the replication is exactly the same at every scale, it is called a self-similar pattern. An example of this is the Menger Sponge. […]
The quickest and easiest way to establish a trend is by drawing a trend line, yet it is unbelievable and frightening how often these are done incorrectly. At the risk of being pedantic and accused of treating readers condescendingly, we […]
In the olden days charts were kept by hand. Graph paper was usually white, though sometimes pale green was preferred as it is said to be easier on the eye. Sharpened pencils at the ready the working day started and […]
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