Скачать или смотреть Bringing Technical Analysis to Wall Street (w/ Alan Shaw and Ralph Acampora)

Alan Shaw, CMT, former president of the CMT Association, tells Ralph Acampora, CMT, senior managing director at Altaira Ltd., the story of how he began using technical analysis - despite resistance from his peers - to help his firm navigate the top of the 1960’s stock market successfully and start a powerful trend on Wall Street. This video is excerpted from a piece published on Real Vision on April 12, 2019 entitled “The Godfathers of Technical Analysis.”

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Bringing Technical Analysis to Wall Street (w/ Alan Shaw and Ralph Acampora)
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Transcript:
For the full transcript visit: https://rvtv.io/2Lpn9eL
RALPH ACAMPORA: Oh, sure. Of Morgan, Rogers, and Roberts, yes.
ALAN SHAW: Yes, Jim Morgan was a principal partner at Morgan, Rogers, and Roberts. And they were
located at 140 Broadway, one building north of us, we were on 120. And Ralph called me in his office one
day, and he gave me this book that Jim Morgan had given him written by a gentleman by the name of
Alexander Wheelan. And it was called, Study Helps in Point and Figure Charting Technique.
RALPH ACAMPORA: Yes, the bible, yes.
ALAN SHAW: And I looked at Ralph. I said, you want me to read about this tic-tac-toe stuff, the Xs and
the 0s and all? He said, well, just take it home and read it and see what you think of it. Well, I found it to
be absolutely fascinating, not believing anything, of course, because I was now looking at earnings and
managements and balance sheets and income statements and so forth. I was looking at companies, not
really stocks.
But unbeknownst to Ralph, I took a walk over to 140 Broadway one day. And I said to Jim Morgan, I said,
I'm fascinated by what I have superficially learned so far from this book by your colleague Mr. Wheelan.
Is it possible you could give me some sample charts from your library? And I can try to keep them up to
date by hand going forward. And if you're going to charge me, charge me. I'm not a rich guy, but I'll be
happy to pay for some of it. So he was very happy to do so. So I walked back with a chart of General
Foods, National Dairy Products, Swift, Armor, all these foods.
RALPH ACAMPORA: Food companies, yeah.
ALAN SHAW: Yeah. And I used to keep them up to date by hand every day. And when somebody walked
by in the research department, I'd shove them in the desk drawer because people thought that you were a
sorcerer orRALPH ACAMPORA: Witchcraft.
ALAN SHAW: -witchcraft, yeah. So anyway, 1961, I started to see patterns develop on these charts that
made me feel very uncomfortable. So, I went to the book, to Mr. Wheelan's book. And on page 25, they
had example of point and figure price patterns. And the ones I was finding happened to be in a column
called Market Tops.
RALPH ACAMPORA: Oh, last stage in the move.
ALAN SHAW: Yeah. They were all rolling over, like the difference between the frown and the smile. And
I showed these to Mr. Rotnem. And I said, Ralph, I said, all my fundamentals are on target. The earnings
are coming through. The growth projections we forecast are happening. I know the stocks have doubled
and tripled, which they did. I was a big hero in the research department, the food analyst. That's a joke in
itself.