Technical analysis faced a serious issue of credibility. We felt the time had come to change that because, as you might imagine, we believed very strongly in the worth of technical analysis. We felt that we had a lot of quality information, and we were interested in sharing the knowledge with other technicians, because at that time very little was being published. And finally, we weren't being recognized as professionals, and we knew we should be. So those were our goals.
Technical analysis is a universal language.
It's used and applied all over the world. It doesn't really make a bit of difference whether you're in Japan, Mexico or New York. Acampora listed more than 150 chart examples in his June 1995 report, Dow 7000. Seven of his examples are stocks that are listed in the Dow Jones Industrial Average. Here, Boeing, after bottoming in late 1992, began an uptrend that returned prices to the 1990 peak.