Canadian Society of Technical Analysts

In Memoriam

William Morris Sharp

August 3, 1937 - February 8, 2021

Bill was a major contributor to the success of CSTA.

One off the original 28 technical analysts who got together in 1984 to discuss and facilitate the founding of the Canadian Society of Technical Analysts.

Having volunteered to put together the by-laws of the Society, which was approved on the first Annual Meeting in 1985, Bill became the third President of the Society (1989-1991) and was elected to the Hall of Fame in 2017.

Bill was the Canadian Representative to the International Federation of Technical Analyst for many years and was elected its President from 2004 to 2006.

Surrounded by his wife and 3 kids, Bill passed away peacefully in the home he loved in Oakville. After a long and mighty fight against CML, the journey ended today.

Bill, AKA Willy, Will, and most fondly "Sharpie", was born in Montreal, where he met his wife Gail. They married in 1967, and had their 3 children before moving to Oakville in 1982.

Willy is survived by his wife Gail, and their three children: son Andrew & wife Megan and grandsons Dawson & Nathan, daughter Pam Stephens & husband Micheal and grandkids Jackson & Grace, daughter Kerri and her husband Neil Mark, brother Brian Sharp (Patty) sister Sally Sharp (Gary Orkney).

Willy worked in the investment industry for 60 years, not retiring until he was 80! An avid skier, paddler, musician, National Geographic collector (every issue since 1952!). Willy and Gail loved to travel for both work and pleasure; the paddling and outrigger adventures took them as far as the South Pacific, Cook Islands, Greece, Italy, France, Hungary, Hawaii, California, all over Canada.

Never shy of a good party or adventure, whether it was ripping up the ski slopes, running white water in (and out of) a canoe or racing his outrigger with the Wainui team on Lake Ontario or other parts of the globe, he moves on to the next chapter knowing he is loved and that he had a positive impact on so many.

We want to pay a special thank you to Dad's physician's specifically Dr. Blair Ernst at CVH and more recently, Dr. Dennis Kim at PMH.

Willy is being cremated, and when the time is right, we will have a celebration in his honour.

Thomas Arthur Rogers

1937 - 2019

Thomas Arthur

Obituary for
Thomas Arthur Rogers
Thomas Arthur Rogers, 82 of Ottawa, Ontario freed peacefully from Parkinson’s Disease on Tuesday November 5, 2019. Born in Montreal to Muriel and Jack Rogers, Tom attended Bishops College School and later McGill. Tom was a respected member of the Toronto financial community as a technical analyst and later a financial planner. He was active in his church and a baritone in the Timothy Eaton Memorial choir. Tom loved time with his dog Jiminy, whether it was hiking or occasionally sharing an ice cream cone. Tom is survived by his son John Rogers of San Diego, CA, daughter Laura Gammage, son in law Randy Gammage and grandson Cole of Ottawa; predeceased by brother John Victor Rogers of Calgary, Alberta. His family would like to express their gratitude for the attentive, personalized care Tom received at the Perley and Rideau Veteran’s Health Centre (Assisted Living division) and later the Glebe Center (Long Term Care). A Memorial Service will be held at the Central Chapel of Hulse, Playfair & McGarry, 315 McLeod Street (at O’Connor) on Sunday, November 10 at 4 p.m. In lieu of flowers please send donations to Parkinson Canada. We will remember Dad when the fall leaves turn, when dogs happily bark and when desserts are served.

Our most sincere sympathies to the family and friends of Thomas Arthur
Rogers 1937 2019..

Richard (Dick) W. Arms Jr

January 12, 1935 - March 10, 2018

Larry Berman - Tribute to The Arm - please view here

Dear friends, colleagues, and clients:

I wish to speak for a moment about a great friend and my first mentor in capital markets analysis -Dick Arms.

Many of you will recognize Dick by the name of the famous stock market indicator that bears his name - The Arms Index. It goes across the tape as ARMS and was originally known as TRIN, an acronym for Trading Index. It is a volume adjusted advance/decline indicator that Dick created and originally wrote up for an article in Barrons in 1968.

From there, his work in Technical Analysis continued to focus on volume aspects of the study. Dick was always looking to improve technique and his Equivolume charting method cleverly combined the volume data directly into the posting of the high, low, and close price statistics. Chart making and the reading of the historical data is a visual craft and Dick saw ways of incorporating more information into a single entry. I really enjoyed it. I first picked up one of his books when I was twelve years old. I have always believed that markets are cyclical - - most of the time and - - always, eventually. Dick’s volume cycle work intrigued me and led me to meet my second career mentor - - Ian Notley - - whose work on global capital markets and cycles you well know.

There is an old expression on the Street that “volume is validation”, the notion being that increased volume together with a price move (in either direction) is a confirmation of the importance of the price move. The price gives information about direction; and volume speaks to power, potential persistency and duration.

Beyond Dick’s career lifetime fascination with markets was his love of literature and poetry. Dick attended Brown University and studied geology but his real passion was reading and writing. He had an immensely invigorating mind. He was a Mensa member. Whenever we got together we challenged ourselves to recite poetry from memory and enjoyed many good laughs. I will always remember that part of him as much as I will the analyst part.

Dick called me the weekend before his surgery to replace a heart valve and asked me to come out to Albuquerque to visit once he had recovered. He wanted to see a friend. He was always the optimist. Even Dick’s “geese were swans”, as the expression goes - ever positive was he.

Sincerely, Jonathan Arter

John Oestreich

1959 - 2017

Peacefully on October 26, 2017 at Southlake Regional Hospital, after a courageous battle with cancer. Beloved husband of Lori Morrison, father of William and Victoria Oestreich. Loving son of Gerda and the late Karl Oestreich, brother of Andrew and Debbie. A genuinely good man, John will be remembered for his kindness, his generous nature and his many talents and interests. And for his laugh. A celebration of John's life will be held at a later date. In lieu of flowers, you may send a donation in his memory to Jericho Road Christian Ministries, 73 Springhurst Avenue, Ottawa, ON K1S 0E2. The family wishes to thank the wonderful team at Southlake for their care and compassion. You are all inspiring.  Full Obituary here

Ian McAvity

1942 - 2016

Ian passed away suddenly at Sunnybrook Health Sciences Centre on the morning of Tuesday, March 15, 2016, in his 73rd year. Ian was the son of the late James and Margaret McAvity and younger brother of the late Virginia Heward. Beloved uncle of Trish (Doug Easton), Geoff (Joanne) and Jamie (Brigette) and a 'great uncle' of Willa and Geoffrey Easton, Charlotte and Brian Heward, and Cassie and Michael Heward. Ian was an avid squash player in the 60's and 70's winning championships in Canada and the United States in both 'hard ball' and doubles, and was known for his ferocious backhand, and at times, for taking a cigarette break between games, much to the dismay of his partner! He was a long time Jester in the squash community representing Canada in the US, South Africa and England. He had a career that first started in banking on Wall Street, returned to Montreal with the Bank of Montreal and at a young age, decided to move to Toronto and become an investment analyst specializing in technical research. He started his own investment market letter for subscribers in 1970 called 'Deliberations Research' and was a frequent speaker on television including 'Wall Street Week' and was a respected 'Round Table member' in Barron's. Ian travelled extensively around the world as he was often asked to speak at conferences on gold and the markets. He was a corporate director of several mining companies and was dedicated to assisting them in their growth. Ian was warm and generous, always offering to help friends in need. Ian loved golf, gardening, red wine, cats and animals in general. He enjoyed telling stories, often at dinner or over a drink to anyone willing to listen to his views on markets, politics, a fond event or experience, of which there were many. A Service of Celebration will be held at the HUMPHREY FUNERAL HOME A.W. MILES - NEWBIGGING CHAPEL, 1403 Bayview Avenue (south of Davisville Avenue) at 1:30 p.m. on Thursday, March 24th with a reception to follow at the Badminton and Racquet Club at 25 St. Clair Avenue West, Toronto. If desired, in lieu of flowers, donations to the Toronto Humane Society or the Ojibway Club Historical Society would be greatly appreciated. Condolences and memories may be forwarded through

Brian Leonard


Passed away suddenly at his home in Brossard, Quebec, on Wednesday, February 24, 2016 at the age of 73 years. Predeceased by his parents, Lucy (Follett) and Tim Leonard, sisters, Helen (Kennedy), Noreen (Barton), Ethel and Phyllis, and brother, Ken. Left with loving memories are his brothers, Gerald (Trudy), Myles, John (Carol), Blair (Elizabeth), sisters, Regina, Pat Dawson(Gerry), and Sheila (Presentation Convent), and a large circle of other relatives and friends. With deep gratitude for the gift of his life and love and goodness. Cremation to take place. 

"" I asked God for all things so I could enJOY life-
- God gave me life so I could enJOY all things."

There will not be a funeral in Montreal, they are taking Brian home to Newfoundland to rest.  There will be a memorial for Brian in Newfoundland, in March 2016. 

The family will be setting up a fund in Brian's name at the Montreal Children's hospital.  Details regarding this fund will be posted once received.

Karl Wagner


It is with great sadness, that the CSTA announces the loss of a true pioneer in technical analysis.

Karl Wagner passed at the age of 95 on Sunday May 27, 2012 following a brief illness leaving behind his partner Margueriete and many friends.

Karl was a proud WWII veteran having served with the U.S. armed forces during the American Japanese conflict at Guadalcanal. After the war Karl became self employed, eventually moving to Ontario and gravitating into financial analysis by getting involved with a startup Marketfax Info Services with the belief that a computer based data system could be used by financial professionals - the vision was too early but others eventually followed - namely Bloomberg and Thomson Reuters.

Karl went on to become Canada's first Chartered Market Technician and a president of the CSTA. He also worked closely with industry greats Don Stark and Ian Notley.

Karl was a leader and a visionary and we will all miss his refreshing tendency to call a spade a spade and ruffle a few feathers.

Thank you Karl for the memories

Donald R. Stark

In remembrance of Donald R. Stark

Donald R. Stark passed away on May 18, 2010.

Don was a pioneer in Technical Analysis.

Don started his career in the investment business as an advisor at Richardson Securities in the late 1960’s.

At that time, Don, was studying his own hand-crafted charts to select investments for his clients.

Don, the Canadian Society of Technical Analysts will remember you for your contribution to the Technical Analysis field.  

Ian Sydney Notley

(July 12, 1936 - May 28, 2008)

Ladies and gentlemen, clients, colleagues, and friends:

It is with great sadness that I must report the passing of our founder and friend, Ian Notley.

As many of you have been aware, Ian had been battling cancer for the past five years. We all knew Ian for his unflagging persistence and he was no different in his struggle against this adversary. As it was in his life and professional affairs, so too was it in this. He was fully engaged.

A brilliant capital markets analyst, Ian was a single, absolute personality and individual. The work and methods he developed over his career reflected those distinctive qualities of originality, depth, and consistency, consistently delivered.

Ian is survived by his wife, Pat and his two sons, Drew and Taryn. No formal service is planned. The family wishes a private grieving and gathering.
In lieu of flowers, memorial contributions may be sent to:

The Praxair Cancer Center at Danbury Hospital
24 Hospital Ave, Danbury, CT 06810

Respects may be paid to the Notley family:
79 Mimosa Circle, Ridgefield, CT 06877

Notley's Notes will continue its publishing deadline on schedule, led by the team in place these last twenty years, prepared and advanced for this purpose. The show must go on, for the markets surely will. Plans for corporate matters, arrangements, and new products will be forthcoming.

For now, we wish that the entire community of friends and associates who knew Ian and his work reflect together on his life and his work and the legacy he left for us to continue.


Jonathan Arter

Alec Taylor

(June 13, 1920 - January 15, 2008)

Born in Crewe, England, son of Jack Taylor and Mary Alice Knowles, and younger brother of Jack (all deceased).

Settled in St. Thomas, ON, in 1922, attending Manitoba Street Public School, Arthur Voaden Vocational School, and St. Thomas Collegiate Institute.

Joined the Army in 1939, serving in Ottawa (Defense Signals Directorate), at Camp Petawawa, and overseas.

Married Eulaline Campbell on January 19, 1945.

Earned B.Comm. (U. of Western Ontario, 1950), B.Paed. (Ontario College of Education, 1951), and M.Ed. (U. of Toronto, 1959) degrees. Held teaching positions at Uxbridge High School and Weston Collegiate and Vocational School, and was Principal of Bradford District High School.

Author of Debit Equals Credit (W.J. Gage, 1962). Retired 1978; member, North York chapter of Superannuated Teachers of Ontario; associate member, Canadian Society of Technical Analysts.

Survived by wife Eulaline Mary Taylor, daughter Robin Taylor Roth, 6 nieces and nephews, and 11 great-nieces and nephews.

As an expression of sympathy, please plant a tree in Alec’s memory through Memory Woods Canada, or support cancer research in his memory through the Canadian Cancer Society.

© Canadian Society of Technical Analysts
Powered by Wild Apricot. Try our all-in-one platform for easy membership management