Dawn of a New Era

Dear candidates, charter-holders, and prospective students,

 

I’d like to welcome you to a new era of professional Technical Analysis and the birth of Technical Analysis as a legitimate academic study that will be taught in universities, graduate MBA programs, and even magnet and boarding schools for the gifted. Due to the increased market volatility of late, there has hardly been a more profitable time to be a Market Technician and never a better time to begin learning Technical Analysis ahead of the likely probability of many years of market volatility due in part to the Golden Age of Federal Reserve and Central Bank economic power struggles and currency warfare.

 

Though the momentum behind the hobby that started out as Technical Analysis nearly 50 years ago in New York City was only a tiny spark, it has since that ignited and continues as a roaring fire today. From that first spark began by Ralph Acampora, John Brooks, and John Greeley (household names every serious CMT candidate and holder should memorize), Technical Analysis continues to “forge on” in the form of the MTA’s Chartered Market Technician program, a study that has been lighting the path of the unenlightened and bestowing the best of her candidates with the title of “Chartered Market Technician” for over 25 years. Now, for the first time ever, the CMT Programme has been cultivated and refined in such a way that all of its vast knowledge has been compiled into a single “Bible” for each level of the Chartered Market Technicians examination series, pictured below:

 

MTA's new companion series study encyclopedias - one for each level

MTA’s new companion series study encyclopedias – one for each level

 

These companion series books, developed by John Wiley & Sons, are the path to a successful academic study and establishment of the topic of Technical Analysis, and a vast improvement – from the candidates’ perspective – on the study in preparation for each level of the CMT exams. It had been suggested that the previous model of study, which, incorporating readings from numerous sources be improved upon, and the release of these study aides are the fruition of such improvement. Now, a candidate need only carry one book, whereas before he or she would carry 6, 7, or even 8 on his/her person. Before, a candidate would order numerous books costing significant investment, whereas now, he or she need only to order one at a significant personal savings. Before, a candidate may have had to resort to multiple “sources of truth,” whereas now, there is only one “single source of the truth,” and therein lies the candidate’s power.

 

It is no secret that the release of the MTA’s CMT Companion Series study books are an improvement both for the CMT Program as well as for the lives of candidates and anyone else who may be studying Technical Analysis. Surely, the release of such knowledge will lead to a better understanding of financial markets and the added confidence that comes from such knowledge when navigating the turbulent waters of investments and money management. In the tension of the drawing room analysis and decision-making, there is hardly a substitute for competence, and we believe these books will increase competence and aptitude among users, so surely they ought to be celebrated.

 

It is our sincerest hope and wish that the study of Technical Analysis, along with the potential benefit to its students and users, such as wiser and well-timed investments, be spread to all around the world in its new and improved form. We are grateful to the Market Technician’s Association, to Ralph Acampora, John Brooks, and John Greeley, and everyone else who has continued to carry the responsibility of the knowledge of Technical Analysis as curators and progenitors for the benefit of all. Since my discovery of Technical Analysis and the path it has lead me on, ignorance of some vital truth that would otherwise remain unknown to me has always been my greatest motivator for learning. Through this truth-seeking instinct I have struggled to live a life characterized by non-ignorance of the essential, because not knowing what we don’t know can be limiting, if not crippling. For this reason, ask yourself if it isn’t it time to learn that which you don’t know you don’t know?

 

Thank you for being a part of our journey,

 

 

MB_Sig1

 

Michael Broudy

Founder, Market Tech Lab

 

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