10
NEWS
Eddie Tofpik who told me he’s aiming at ‘‘a new decade, a bigger, better, faster STA’’. He then slid into talking about the Metatonic Cycle (a new one on me) which, he tells me, is linked to Gann, lasts an average 12.5 years, and the most recent one was in 2008; therefore in 2020 stocks and credit markets are most vulnerable. You have been warned! Moving over to a trim and happylooking Jeff Boccaccio. A regular presence at out monthly meetings for 10 years, he’s just been voted onto an STA Committee but will only find out in February which one it’ll be. A strong career starting at Deloitte Consulting, he moved into investment banking at UBS and then Barclays Capital. Finding transitioning to a dealing room environment difficult, it was there he found that ‘‘technical analysis would underpin [his] trading and get the infrastructure down”. Ex-Nomura head of technical analysis Tom Pelc has, since April, been setting up Pelc Enterprises Ltd, his consultancy firm for institutional investors and high-net-worth individuals. A four-tiered service, unusually without a website (maybe because, as he says, ‘‘you have to value yourself’’), he covers all the key markets including FX, fixed income, indices and major commodities.
A quick chat with a blast from the past, Sankar Sharma who, because he’s been working abroad, hasn’t been to one of our monthly meetings since 2005. And you know what? With like-minded, friendly people, you immediately pick up where you left off. My last port of call was Axel Rudolph - who was in very good form. Despite stepping down from the Chairman’s role and the Board after 19 years and 10 months, he’s very much in-situ on the education side of things. A new boy on the block back then, and because nobody had formally introduced him to the Board, ‘‘Deborah (Owen) and
Adam (Sorab) were so suspicious of me’’. “It’s great to give back and great that the STA has people who are so enthusiastic,” he confided, adding that it may not have been such a smooth ride for his wife! A little glimpse of the STA at work, and bonding at its best. Nicole Elliott, FSTA
Technical Analyst, Private Investor, E-journalist for the STA