Walter Deemer began his Wall Street career in July, 1963 as a Merrill Lynch research trainee.  In April, 1964, he moved to their Market Analysis Department, where he worked directly under Bob Farrell, and he has been a full-time market analyst ever since.

In February, 1966, Walter joined Tsai Management and Research just before the initial offering of the Manhattan Fund. In May, 1970, he went to the Putnam Management Company in Boston, one of the most prestigious money management firms in the world at the time(!) and headed Putnam’s Market Analysis Department throughout the ten years he worked there. For part of that time, Walter was a full member of Putnam’s Investment Policy Committee, and he was promoted to Senior Vice President in 1976.

Walter formed his own company, Deemer Technical Research Inc., in July 1980, which has successfully offered his market

The Charles H. Dow Award highlights outstanding research in technical analysis. Winning papers have created successful trading systems, insights into theories of how markets function and have represented the richness and depth of technical analysis. This year’s Dow Award winner, Amber Hestla-Barnhart, demonstrates how to profitably apply an indicator that has been in the public domain since 2007. Larry Williams, the 2014 MTA Annual Award winner, explained the VIX Fix in 2007. This year, Amber explains she has created a complete trading strategy based on that indicator. Fixing the VIX includes test results of that strategy applied to stocks and put options.

The paper’s abstract summarizes the content:

Volatility is widely considered to be a category of technical indicators with a simple interpretation – no matter how it is measured volatility is widely believed to rise in a market downturn. This approach is applied to indicators such as the Average

Editor’s note: Charles Bilello, CMT, CPA, will be sharing his latest work in a presentation at the MTA Symposium later this month. This article was originally published at PensionPartners.com and is reprinted here with permission.

In a world of slowing growth, currency debasement has become the economic weapon of choice.

In the last month alone, we have seen central banking easing measures announced in Romania, India, Switzerland, Egypt, Peru, Denmark, Turkey, Canada, the Eurozone (QE), Pakistan, Albania, Russia, Australia, and China.

More cuts are on the way, we are told, as there is seemingly no end in sight to the tit for tat moves of this global currency war. If we look around the world at the major central banks, with the exception of Brazil (who has been forced to hike because of

Editor’s note: this article is intended to answer the question of what type of process produces an Award winning paper.

Before I start, I need to say I am humbled by the Charles H. Dow Award. I believe this Award demonstrates the unlimited opportunities in technical analysis for anyone willing to seriously study the subject. The keys to success are widely available – hundreds and probably thousands of brilliant technicians have shared their work over the years and anyone can benefit from their wisdom. Not every article or book will be useful but everyone should be able to find a few ideas they can build on in the literature. Without the ideas others have so freely shared, I would not be able to work in the field I have grown to love. It is because of the generous tradition of publishing indicators and strategies that I have been able to make

Editor’s note: This was originally published by Thompson Reuters and is reprinted here with permission.

A trend continuation formation typically consists of an up or down move, a pause in that direction, and then the resumption of that move in the original direction. The flag pole is the cumulative range of the original move. The consolidation of the flag typically consists of a parallelogram-shaped area which implies a piece of material fitted on a pole. Once the consolidation breaks and the price trend resumes in the original direction, simply extrapolate the full length of the flag pole from the breakout point to obtain the measured target of the trend continuation formation. Figure 1 shows the diagram of a bullish flag.

The uptrend of Daimler, AG

In the February 26 issue of Bloomberg Brief: Technical Strategies, Alex Cole, a technical analysis specialist in the analytics department at Bloomberg LP in New York, showed how the Trend Chameleon study could be used to identify the direction of the primary trend in the market.

As he explained, “The Trend Chameleon study is based on four criteria:

1. The MACD and its signal line relative to zero.
2. The spread between the moving average of open prices and moving average of close prices.
3. Price momentum, measured by an increase in price between the beginning and end of the specified time span.
4. Price relative to a simple moving average.

The price chart is colored bright green when all four criteria are positive and bright red when all are negative. Pink, yellow and dark green correspond to one, two, and three criteria being positive. The time horizon for moving average and momentum periods can be customized. In these charts,