About Us

Marketspath brings you Gary Dean's and Jerome “Mel” Hickerson’s technical analysis expertise in making successful day trades in eminis and ETFs!

Gary’s strategy focuses on the emini S&P 500 and is based on Elliott Wave & Fibonacci Cluster analysis, along with proprietary momentum and money flow indicators. Mel uses software-generated analysis of breadth and institutional buying to trigger his signals for day trading ETFs, including ultra index ETFs (SDS/SSO), commodity ETFs (USO), and sector ETFs (GDX, UYM/SMN).

Members have access to two trading rooms: 1) Gary's Emini Trading Room, and 2) Mel's ETF Trade Journal. Gary's Emini Trading Room is a chat room where members interact under the guidance of Gary, who shares his entry & exit trading levels for the emini throughout the session. Members also access a live screencast of Gary's charts. Mel's ETF Trade Journal is an auto-updating Web page, where Mel posts his charts and market analysis, along with ETF entry & exit signals throughout the session. Includes a discussion board.

In addition, members receive our morning and evening video market reports, along with a strategy section that provides information on both Gary's and Mel's approaches to trading. Our Account Help section enables members to change their profiles, services, and email notification preferences.

MarketsPath founder Gary Dean 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.

Dean's strategy is based on technical analysis, specifically Elliott Wave. The 5-wave patterns of Elliott Wave analysis provide indicators of trend changes as well as help pinpoint entry and exit levels and gauge the difference between continuation bounces and trend reversals.

Once the trade signal is complete, Dean's strategy goes one step further. Rather than go all into a trade, he takes a layer-in approach, scaling in and out on the way up and on the way back. This approach allows for margins of inexactness in the market and also serves to take the emotion out of the trade. As Dean explains, "When you layer in and take these 1/4 or 1/2 block positions, you're fooling that voice in your head that begins to doubt the moment you enter a trade -- because part of you wants the price to go up so you can fill the rest of the trade and part of you knows it's still fine to only have a portion of a trade and have it move in your direction."

More recently, he has incorporated a proprietary software charting program in making trades, which consists of Fibonacci cluster analysis, Wolf Wave analysis, and Money Flow & Momentum indicators. See a video tutorial on this charting program.

Gary's predecessor trading portfolio is available by clicking here.

Mel first tasted the benefits of trading in the stock market in 1968 by purchasing stock in a company that had the wild idea of creating plastic cards with magnetic data strips to be used in place of money for vending machines. The revolutionary company changed names several times before it became Mastercard. Mel sold his investment and never lost interest in trading.

As a computer programmer working for such corporations as McDonnell Douglas and American Express, Mel began tinkering with the concept of using software models to reflect the complexities of the market. Trained to recognize data patterns and structures in the real world and model those patterns within software applications, Mel put those same skills to work developing software models that can accurately recognize predictive patterns within the data of the market flow.

Two models were developed. The first model forecasts the ebb and flow of the markets on a daily basis and is used for swing trading with a high degree of success. The second model -- the one used on this site -- is a quick reacting real-time application that scans the Level 2 data feed and watches for signals that indicate sudden intraday moves. Many characteristics of the market are similar every time a large move occurs, and the models trigger trading based on these characteristics with an uncanny success rate.

The swing trade model results in two or three trades a month with an average market exposure of 15 to 20 days per month. The system triggers after the close and the purchase or sell order is placed the following day at the open. It is an ideal strategy to use within an IRA account. The second model triggers intraday trades almost every session, often several times a session, and ends in cash at the end of every day.

Specifically, day trading model is based on four indicators -- breadth, divergence, institutional buying, and MEL trend (Model to Evaluate Leverage) -- and two signals.

Read more about the indicators and signals Mel uses.

Mel believes that in order to make money in this market, you have to correctly identify the trend and be with the trend, using risk controls. You don't need all of the trend in order to be profitable. Like a great hitter in baseball, you wait for your pitch before swinging, and then make your swing count.

Mel's predecessor trading portfolio is available by clicking here.

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