Real World  |  OCT 2002

The Titans Of Technical Analysis by David Penn

The Titans Of Technical Analysis by David Penn A not-so-random walk through the history of charting the markets. Many years ago, a poet friend who was editing a collection of contemporary verse noted to me that “about half the working poets in America are going to be really upset about this anthology. Of course, the other half of them are in the book. …” Such sentiments came to mind when I embarked upon the task of highlighting the few among the many whose contributions to the field of technical analysis have made them what STOCKS & COMMODITIES has designated the “Titans Of Technical Analysis.” How subjective is such a list? In some ways, all too subjective — particularly with those whose contributions are more recent or are less widely enjoyed. Virtually all of those who did not make the top 20 — the prolific Tom Dorsey, the insightful Linda Bradford Raschke, indicator builder Tushar Chande — have no one to blame but us. Others, including a few of Jack Schwager’s “market wizards,” were considered more master traders than master technicians, and thus not a part of our list. Still other worthies, such as Richard Schabaker, are remembered more for their relations. (Schabaker was the brother-in-law of Robert Edwards of Edwards and Magee fame. It was Edwards who took over Schabaker’s market research organization after the latter’s sudden death in 1935.)

by David Penn