“In recognition of your decades of service to champion technical analysis within the trading and investment communities through speaking engagements, writing and innovation in technical indicator and statistical research.”

The MTA Annual Award winners are recognized for their life-long outstanding contribution to the development and widespread acceptance of technical analysis by institutional practitioners and individual investors. Few have been such prolific contributors as Larry Williams. For decades, Larry has been fully disclosing details of indicators and strategies that really work.

More than a few members of the audience at the 2nd Annual Gala Awards Dinner on April 3rd, 2014 weren’t even born when Larry started his career in the markets.  Larry first became interested in the markets when he observed the 1962 market crash.

In introducing Larry at the Dinner, his friend

Every MTA Symposium includes a mix of the theoretical and the practical. There are always a few presentations that give some participants new ideas for trading or analysis. Perry Kaufman’s presentation at the 2014 Symposium gave attendees he detailed rules for a profitable trading strategy. Back tested results are shown in the figure below.

More important than the system rules, Perry provided the detailed though process that goes into developing a trading strategy.

This strategy is based on arbitrage and Perry believes arbitrage is one of the great strategies of all time. Arbitrage can be applied with pairs trading. This requires finding two similar markets which are moving apart. Traders buy the cheaper market and sell the more expensive market, selling when the markets come back together. Arbitrage works in a number

Back-testing refers to testing a trading strategy or a predictive model in the financial markets using historical data. A portfolio manager uses this methodology to cross validate his thesis or trading strategy. Developed with the benefit of hindsight, back-testing seeks to estimate the performance of a strategy during a past period and assumes that if the strategy worked before, it has a good chance of working again; the opposite is also true, if the concept has not worked well in the past, it may not work well in the future.

Back-testing fixed income models may contribute to trading efficacy. But there are times when a back-tested system will falter, demanding a fluid model that will adjust based on current market action. In the unconstrained fixed income market, back-testing – in conjunction with a fluid modeling process – can contribute to trading efficacy, especially given the current uncertain interest rate environment.

Indicators and

PO= Price Objective/ Target

The Nifty is a benchmark index for the stock market in India. This report updates our analysis from December 2013 for the Nifty.

The Nifty reached our initial upside target in March and the rise was supported by buoyant volume.

We noted in December, “As we head towards the apex (the point where both the trend lines meet) we expect this pattern to be resolved with a breakout to the upside. The price breakout would be confirmed with a volume spike that will ultimately confirm a price-volume breakout on the Nifty. We expect this breakout to be followed by a new bull market with an initial upside target of 6700-7300 based on the pattern. Ultimately, our upside target is 8145, about 28% above the previous all time high of