It was admittedly a difficult decision, whether to leave the warm and comforting breezes of the late-autumn weather in my City by the Bay (San Francisco, California) and travel north to Seattle, that other inlet metropolis on the Pacific better known for its cold and gloomy, drizzling rain, which at this time of year most assuredly repels all Californians. The MTA’s Seattle Regional Seminar was taking place on October 19th at the Hotel Monaco in downtown Seattle and I, as the current Chair of the MTA’s San Francisco Chapter, felt a nagging obligation to fly up there and check it out. While many MTA members on the East Coast of the U.S. or in another country may not realize it, everything out west is way, way farther apart than you think (New York to Chicago is about the same distance as the flight from San Francisco to Seattle).

Yet, I knew

Editor’s note: While making a presentation at the MTA Seattle Regional Seminar, I mentioned that one of the earliest references to relative strength in the literature is a 1946 article written by H. M. Gartley. Afterwards, one of the attendees, Leslie Joutflas, showed me a photo of Gartley, her dog who she had named after the great market analyst. Below are three short articles Leslie has written based on techniques she learned from studying the original work of H. M. Gartley.

Trading AB=CD Patterns from Coils

The markets go through a constant process of range contraction and range expansion. The range contraction can many times form great AB=CD patterns as the price tests the upper and lower ends of the range. Eventually the market will move out of that range one direction or another in the form of range expansion or a trend. I

Editor’s note: This month we are presenting two short-term examples of market analysis. Work like this is often posted under the blog section of the MTA’s web site and could be a valuable source of trading ideas.

Nifty slips into a short term downtrend, breaks down from its two week sideways range by Shravan Dharmaraj

Nifty futures have finally broken down after building a two week sideways range. The breakdown occurred with a 74 point down move led by selling pressure in Banking, Realty and Consumer Durables. We have been commenting in our previous reports about the inability of the index to scale the firm overhead supply zone around 5730 over the past 14 sessions. In today’s session too, the index reacted after reached the high of 5725 and witnessed selling pressure for