Pruden, Hank

Dr. Hank Pruden is a professor in the School of Business at Golden Gate University in San Francisco, where he has been teaching for 38 years. Dr. Pruden is the executive director of the Institute of Technical Market Analysis (ITMA). At Golden Gate University, he developed the accredited courses in technical market analysis in 1976. Since then, the curriculum has expanded to include advanced topics in technical analysis and trading. In his courses, Dr. Pruden emphasizes the psychology of trading as well as the use of technical analysis methods.
He has published extensively in both areas. He has mentored individual and institutional traders in the field of technical analysis for many years. He presently serves on the board of directors and is past president of the Technical Securities Analysts Association of San Francisco. Dr. Pruden was also on the board of directors of the Market Technicians Association (MTA). He has served as vice chair, IFTA (International Federation of Technical Analysts). From 1982 to 1993 he was a member of the board of trustees of Golden Gate University. He is the recipient of the Life Achievement Award.

Combining advanced education with professional certification has been a recognized winning combination for professional technicians and technical traders. This presentation will illustrate how advanced education in behavioral finance and technical analysis education, together with a certificate in technical analysis, has been and can continue to be a pathway for personal growth and renewal.

In his second presentation, Prof Pruden will cover the Wyckoff Law of Cause and Effect and the Use of Point-and-Figure Charts. Wyckoff ?s Law of Cause and Effect provides insight into the extent of the upcoming movement, either up or down. In order to have an effect you must first have a cause; the effect will be in direct proportion to the cause. Point-and-figure charts of the Dow Jones Industrials will be used to show how counts can be made to project the extent of its effect.

The Wyckoff method is a practical, straight forward bar chart and point-and-figure chart system that has stood the test of time. At its foundation are the laws of ?supply and demand? and ?cause and effect.? This presentation will cover the Wyckoff Law of Supply and Demand which helps determine the timing and the trend direction of price. Using recent bar charts and classic schematics, we will study the relationship between supply and demand by monitoring waves of price and volume over time, as well as identifying the ideal spots for entry and exit of positions.