Market Cycles With Donald Dony by Jayanthi Gopalakrishnan
Money Has No Home
Donald W. Dony is a professional technical analyst and holds the top global
designation of Master of Financial Technical Analysis from the International
Federation of Technical Analysts (IFTA), the first in Canada to achieve this
designation. Dony has been in the investment profession for more than 25 years,
first as a stockbroker and then as the principal of DW Dony and Associates, a
financial consulting firm. He is the editor and publisher of the Technical Speculator,
a monthly international investment newsletter, which reviews major world
equity markets, currencies, commodities, bonds and interest rates.
Dony is often called upon to design technical analysis training programs
and provide teaching to industry professionals on technical analysis at many
of Canadaís leading brokerage firms. He is a respected specialist in the area of
intermarket and business cycle analysis and a frequent speaker at international
investment conferences. He is a member of the Canadian Society of Technical
Analysts and IFTA.
Stocks & Commodities Editor Jayanthi Gopalakrishnan interviewed Donald
Dony on January 29, 2013.
Donald, how did you get started in
My dad was always interested
in the markets. He was similar to a lot
of people of that generation. They held
onto things, never sold. They stayed
with a company, thick or thin. That got
In the 1980s, it was a difficult time
to find a job and I had taken the Canadian
Securities Institute course, mainly
because I didnít know what I wanted
to do. I passed the course. I didnít get
hired right then, but I continued taking
more and more courses and advancing
Eventually, I did get hired and I stayed
with one of the major banks until the
early 1990s. I recognized I wanted to be
more of an analyst than a stock salesman.
So I took more courses and finished my
masterís degree in financial technical
analysis (MFTA). I finished that in 2004,
I think, and put my shingle out, and now,
I send research all around the world.