The WTSUG meeting on Wednesday, March 18, 2009 was held from 7:00pm to 10:00pm at Potomac Library of Montgomery County, 10101 Glenolden Drive, Potomac, MD 20854.

Agenda:

7:00pm – 7:15pm Introductions and Opening
The group will give brief introductions of the organizers for any new attendees. Time will be made available for dealing with membership dues and any other minor administration items, but not to exceed 15 minutes in total.

7:15pm – 8:15pm Technical Analysis Using Multiple Time Frames
Guest Speaker: Brian Shannon
Brian Shannon of the popular blog site alphatrends.net will present remotely on his observations about technical analysis, including material from his book Technical Analysis Using Multiple Timeframes.

From a recent Market Technicans Association review:

Many books on technical analysis rehash the same ideas that have been presented for more than seventy years. Shannon does something different. He presents a comprehensive explanation of market psychology and uses this as the basis to understand the reasons behind market action. From that starting point, he presents a complete methodology to profit from this knowledge.

Trading tactics and risk management make up the bulk of the book. As the title suggests, the importance of viewing the market from different time frames is emphasized and amply illustrated. Besides presenting the basics of technical analysis within a usable framework, Shannon offers valuable original insights into trading.

Overall, Shannon has authored a readable and valuable book. The novice technician can benefit from his step-by-step approach while the more experienced technician will gain insights from his perspectives that should allow for testing some new trading strategies.

Technical Analysis Using Multiple Time Frames is available at http://www.technicalanalysisbook.com/.

8:15pm – 8:30pm Break

8:30pm – Group Discussion