Trader’s Narrative

I’m happy to announce that Wayne Whaley has won the 2010 Charles H. Dow Award for his paper, “Planes, Trains & Automobiles”. If you’ve been reading this blog, you are already familiar with his superb work. Wayne has generously and freely shared with us from the wealth of his knowledge multiple times. In fact, the ideas presented in his award winning paper will be familiar to you if you’ve read his latest contributions.

So please join me in extending a hearty and most deserved congratulations to Wayne on this distinguished accomplishment!

Here is the official announcement from the Market Technicians Association:

WAYNE WHALEY AWARDED THE MARKET TECHNICIANS ASSOCIATION’S
2010 CHARLES H. DOW AWARD

MAY 5, 2010

Wayne Whaley, CTA of Witter & Lester Inc. has been selected by the Market Technicians Association (MTA) to receive the 2010 Charles H. Dow Award. Mr. Whaley’s paper titled Planes Trains and Automobiles presents a detailed study of various market thrust measures. It highlights their potential use in formulating trading strategies aimed at boosting return while reducing risk versus simple buy and hold portfolios.

Continuing the tradition of past Charles H. Dow Award winners, Mr. Whaley’s studies have expanded the body of knowledge within the field of Technical Analysis,” said Martin J. Meaney, CMT, and the MTA’s Dow Award Committee Chair.

“I would like to give my sincere thanks to MTA for annually sponsoring this contest which results in an enrichment of the database of technical analysis available to so many students of the market,” said Wayne Whaley.

“For the past 25 years, I have been one of those students who benefited, from not only the research emanating from this contest, but the volumes of studies from various sources provided by the previous recipients of the Charles Dow Award. The knowledge that many of the previous winners served on the evaluation panel that chose to recognize my work is tremendously rewarding to me, and I will be honored to now be able to call these gentlemen my colleagues. I look forward to having the opportunity to meet many of the former winners, along with other panel participants and MTA members at this year’s MTA Symposium.”

Here is Wayne’s award winning paper: