Jeremy du Plessis, CMT, FSTA is head of Technical Analysis and Product Development at Updata Limited in London. He is responsible for the design and development of Updata’s suite of technical analysis systems, which use a variety of datafeeds such as Bloomberg, CQG, Reuters, FutureSource, eSignal and others. His passion is point and figure and is the author of The Definitive Guide to Point and Figure published by Harriman House in 2005.
After a career as an automotive engineer at Toyota manufacturing, Jeremy returned to university to take an economics degree where he gained an interest in technical analysis. After graduating in 1981, he joined his brother producing a technical analysis newsletter which specialized in gold and gold shares advice as well as trading metals on the London market. The company was purely technical and had a team of girls updating charts, including point and figure, by hand every day. The tedium of doing this and the introduction of the IBM PC persuaded Jeremy to leave to start his own business, Indexia Research, with the specific aim of computerizing technical analysis. The company initially managed client money and produced a daily computerized technical analysis advisory service before creating one of the first PC based technical analysis systems. It was the first to draw point and figure charts correctly in their 1-box and 3-box form as well as drawing log scale point and figure charts with automatic targets and trend lines. After running the company for 20 years, he merged it with Updata Limited in 2001, where he now designs and produces their range of technical analysis systems. The Updata software is used by the world’s major Banks, Hedge Funds, Fund Managers and Energy traders in 40 countries worldwide.
Jeremy has been lecturing and teaching point and figure for over 25 years and is considered to be largely responsible for the renewed interest in point and figure from professional traders. He has spoken at conferences in UK, USA, Canada, South Africa, Germany, France and Italy.
Jeremy joined the Market Technicians Association (MTA) in 1987 and gained his CMT in 1997. He is also a member of the UK Society of Technical Analysts (STA) as well as the American Association of Professional Technical Analysts (AAPTA).