Analysts Gary Dean & Mel Hickerson
Gary Dean, founder of MarketsPath, developed his "ForeTrend"™ strategy in the mid-1990s, initially at JBHanauer in New Jersey, where he helped manage over $80 million with one of their largest brokers, primarily in equity options. Jerome "Mel" Hickerson developed his quantitative model from experience working as a computer programmer for such corporations as McDonnell Douglas and American Express. Gary's strategy is based on qualitative Elliott Wave & Fibonacci Cluster analysis and concentrates on 1-3 day swing trades, while Mel uses software-generated analysis of breadth and institutional buying to trigger his signals for day trading. They both use the ProShares Ultra Index ETFs to trade these trends, using the QLD/QID to trade the QQQQ swings, the SDS/SSO to trade the SPX swings (and UPRO/SPXU for S&P 500 day trades), and the DDM/DXD to trade the Dow.
