Arthur Hill, Julius De Kempenaer and Greg Schnell all attended the Market Technicians Association meeting in NYC last week. With hours of presentations going on in multiple rooms it was very clear that technicians offer lots of variety and unique methods of covering the market.
The RRG charts available on StockCharts.com were in multiple presentations and were also included in one of the biggest online technical presentations in years. There are so many outstanding analysts that attend and share their work, it is exciting to see the variety of diverse market views.
I attended as many presentations as possible. Katie Stockton is on CNBC regularly and she shared her slides of the US market. Katie was full on bullish!
Robin Carpenter of CarpenterAnalytix.com presented some very unique SKEW data that was enlightening. Watching Robin's presentation was a firehose in statistical analysis. He presented three concepts and worked very hard to simplify the concepts, but he could go 7 layers deep on any slice of the concept. Very interesting presentation. Here is one of the charts he provided. Without getting into his one hour presentation, look at how close signals below zero on his CSQ Skew Deviation coincided with market pullbacks and how close to the top the signals were. In this case, he was suggesting to be careful.