Education Archive

Point & Figure Diary

Posted July 20, 2017 By APTA.org.au

Artricle originally published at StockCharts.com by Bruce Fraser.

http://stockcharts.com/articles/wyckoff/2017/07/point–figure-diary.html

Regular readers have been following the epic saga dating back to 2011, when Dr. Hank Pruden published his Point and Figure (PnF) count for the new bull market. This count projected to a range of 17,600 to 19,200 for the Dow Jones Industrial Average ($INDU).  When this objective was met we said: ‘But wait, there is more’. Almost exactly a year ago, in this blog, we revisited the original Accumulation and found that an additional count could be added to the PnF price objective.

The 17,600 to 19,200 count was very useful as the $INDU was stopped in this range for more than two years. That range produced a Stepping Stone Reaccumulation PnF count.  The larger Accumulation count and the new Reaccumulation count approximately confirmed each other (click here to review these PnF charts). The cluster of count objectives target 22,000 to 24,500. As we move toward these price targets, new Reconfirming counts continue to be generated. This brief update is to illustrate a new count that arrived in the month of June since our last post on this topic (these PnF counts can form quickly).  Links to the prior posts are below.

We use 60-minute data and ATR (20) scaling to generate this PnF study.  In the month of June, a Reaccumulation formed matching the previous and larger PnF count. Recall that when the Reaccumulation count approximately matches the prior count the trend is often set to resume. This week $INDU jumped to a new high just as the most recent Reaccumulation equaled the prior objective. This is an obscure timing tool that often comes in handy (click here for more on this technique).

As the Dow Jones Industrials stair steps upward, it is appropriate to ask if the count generated from the chart above is the final high? Recall that our price objective window reaches to nearly 24,500.  We will continue to use our Wyckoff tool box of chart analysis, trendline studies and Point and Figure counts to light the way to the conclusion of this campaign, wherever it may take us.

All the Best,

Bruce

Additional Reading:

Point and Figure Pie in the Sky? (click here for a link)

More Pie. Bigger Sky! (click here for a link)

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Exceptional Education, Meaningful Mission

Posted July 19, 2017 By APTA.org.au

Have you ever wanted to be a part of an organization with clarity of purpose? With international reach and growing global membership? With integrity and core values you agree with? Do you desire to give back to the industry and take part in a mission driven body of professionals managing market risk?

Through your participation in various events, we know you recognize the educational benefits of membership. As an investment professional, we encourage you to take the next step as an advocate of professional ethics, accountability and competency. The next 50 years of the CMT Association will depend on even greater engagement from the investment industry and professionals like you.

The Australian Professional Technical Analysts (APTA), in association with the CMT Association drives value through three main areas: the CMT curriculum, educational programming, and our growing professional network:

 

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APTA and CMT Association FAQs

Posted July 19, 2017 By APTA.org.au

APTA and CMT Association FAQs

What is the CMT Association and what do they have to do with APTA? 
CMT Association information Click here.
APTA and the CMT Association have a strategic partnership in Australia, offering honorary membership to CMT Association members.

How can I learn more about theCMT Association ?
Watch the following short video

What are the benefits of an APTA or CMT Association Membership ?
The three main benefits of an APTA or CMT Association membership are:
1. Qualifications – CMT Examination (CMT Association) or AMT – An APTA qualification.
2. Education
3. Networking

MTA Benefits Click here

BENEFIT 1: QUALIFICATIONS / CMT EXAMINATION

What qualification does APTA offer?
APTA qualifications

What is the value of the CMT examination ?
Click here

What is the structure of the CMT examination ?
Click here

How can I get detailed information about the CMT examination ?
Click here

BENEFIT 2: EDUCATION

The educational resources of the CMT Association are available to APTA members by registering at the APTA website.

The 8 sources of education for an APTA or CMT Association member:

1.  Student Newsletter

2. Knowledge Base

3. Educational Webcasts

4. Podcasts

5. Journal of Technical Analysis

6. CMT Newsletter

7. CMT Association Library

8. Technically Speaking Newsletter

BENEFIT 3: NETWORKING

Who presents to the APTA Meetings ?
Institutional Traders & Analysts (banks, hedge funds, brokers) and APTA members present their trading and analysis techniques.

APTA Meetings are free for APTA and CMT Association members to attend.

What are some of the benefits of attending APTA Meetings ?

Educational content (learn new market strategies)
Networking opportunities (meet people in the industry and exchange business details)

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By Maya Ganguly

Even today, technical analysis still gets a bad rap as being, at best, a self-fulfilling prophecy and, at worst, financial voodoo.
And while its practitioners are usually not good ambassadors for the discipline, that does not take away from its usefulness.

It is true that technical analysis — the study of data generated from the market through trading activity and sentiment — is most often associated with day traders and, unfortunately, get-rich-quick marketing. However, it is perfectly suited for use by traders who hold positions for a few days to a few weeks. And, more importantly, it is useful for investors interested …read more

Source:: MTA News

      

By Shane Skwarek

In this issue…

  • CAN WE IMPROVE SECTOR ROTATION? by: Corey Hoffstein
  • GUILLOTINE INVESTING – KEEPING YOUR HEAD WHILE OTHERS ARE LOSING THEIRS by: KD Angle, reviewed by Michael Carr, CMT
  • BEHAVIORAL FINANCE BEYOND THE MARKETS: A REAL-TIME CASE STUDY OF RUSSIA’S MILITARY RESURGENCE by: Matt Lampert, Alyssa Hayden and Alan Hall
  • BONDS OR STOCKS? INVESTORS ARE BUYING BOTH by: Chad Shoop, CMT
  • THINK INCOME AND GROWTH DON’T EXIST IN THIS MARKET? THINK AGAIN by: Cambria Investment Management
  • ELLIOTT WAVE GRAND SUPER CYCLE ANALYSIS OF THE S&P 500 CASH INDEX – SUPPORTED BY CLASSIC TECNHICAL ANALYSIS by: Lara Iriarte, CMT
  • THE ‘GRAND OLD PARTY’ AND THE U.S. DOLLAR …read more

    Source:: MTA News

          

By Emily E.A. Meyer

RegisterNow

Registration for the October 2017 administration of the

Exam Dates:
CMT Level I & II: October 19-21, 2017
CMT Level III: October 19, 2017

Registration Deadlines:
Early Registration: August 18, 2017
Register & Schedule Level III Exam at Prometric: September 19, 2017
Final Deadline to Register for Level I & II: September 19, 2017

Dates will soon be announced for upcoming CMT Webinars as well as upcoming CMT Education Web Series Presentations.

Important Registration Note:
The MTA headquarter staff and Prometric (secure CMT exam administrator) work diligently to accommodate all candidates, but seats are reserved on a first come, first served basis. You might encounter difficulties securing the …read more

Source:: MTA News

      

Learn the Benefits of Footprint® Charts

Posted June 12, 2017 By APTA.org.au

 

Click here to view on YouTube.

Trevor Harnett answers the question of why some traders always seem to have a better read on the market.
You will learn:
– What Footprints are
– How Footprints help traders
– Practical methods for using Footprints in various markets

CMT – Could You Be Earning A Higher Salary?

Posted March 22, 2017 By APTA.org.au

MTA - Chart

Stand Out In A Crowded Job Market
Becoming a CMT charterholder makes you part of an exclusive community of investment professionals who are recognized globally as true specialists and value generators. The CMT charter puts you on the leading edge of the ever-changing investment industry. And, by earning the CMT charter, you can expect to see improved career prospects.
Top employers of MTA members include Morgan Stanley, Wells Fargo, Bank of America Merrill Lynch, Charles Schwab and Fidelity.
Top 15 employers of MTA members
“For me personally, the CMT is the most useful and practical study program for investment professionals, by turning the classic forms of analysis upside down. It is critically important that we look at things outside the box. That’s the value CMT education delivers.”
– Will W. Wang, CMT, CFA, CAIA, Director of Barclays Private Bank Advisory North Asia
In the Last 5 Years CMT Charterholders have received:
In the last 5 years CMT Charterholders have received:
Exam Dates:
CMT Level I & II: April 27-29, 2017
CMT Level III: April 27, 2017
register now
Registration Deadlines:
Deadline to Register & Schedule Level III Exam at Prometric – March 27, 2017
Final Deadline to Register for Level I, II – March 31, 2017
The CMT Program is offered in a self-study format. Each level of the exam contains specific knowledge domains that provide a framework for recognizing and implementing investment and trading opportunity. You can register to take the exam for each level separately. Click here to register now.
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