1. Congratulations New Master of Financial Technical Analysis(MFTAs)!
Constance Brown, CMT, MFTA
MFTA Research Paper: The Composite
Index: A Divergence Analysis Study
Risk analysis has
been an important
consideration
throughout Connie
Brown’s career. In
1988, she was the
brand manager for
Eastman Kodak’s
Professional Color
Films, when she left
Rochester, New York, for Wall Street. The
company made the decision, after a hotly
contested battle, not to launch a product
they had first invented—the digital camera.
Today, the massive coating allies that once
produced the world’s premiere films and
papers are obsolete and silent.
Paradigm paralysis and paradigm shifts
impact every trader and asset manager
today. For example, paradigm shifts
changed technical analysis timing for the
2000 market top due to the birth of the
Internet, and the 2010s equity rally due
to Central Bank’s use of quantitative eas-
ing. Technical analysis is multi-dimensional
thinking and more than metrics from a
chart. Perhaps the lessons learned at
Kodak have contributed to Connie’s long
career. As soon as you think you have a
grasp of the operating environment, you
can count on the industry to change the
rules on the playing field.
Connie’s ability to evaluate risk and oppor-
tunity have provided various responsibili-
ties, including institutional trader, hedge
fund manager, teacher, and consultant.
She has advised institutional clients who
acknowledge that her market timing and
global strategies are often well ahead
of the industry. The 2007 book released
by Bloomberg Press, Breakthroughs in
Technical Analysis: New Thinking from
the World’s Top Minds, recorded in print
her warning of a major global correction
for 2008. She was four years ahead of
the industry in thinking about a possible
breakdown of the Euro currency and a
global banking crisis. Her assessment for
the oil markets to collapse in a correc-
tive pattern has started a new buzz in the
industry. Her reputation has been based
on audited returns and publicly docu-
mented market calls.
Her topic of study for the MFTA® desig-
nation was her formula for the Composite
Index in long-horizon financial market
trends. The paper was submitted in the
fourth quarter of 2015 with open sell signals
for the SP500, DAX, and Asia. The declines
that developed early in 2016 completed the
study in a real-time environment.
Connie has nine published books. She is
currently working on a major work that
covers the breadth of lessons that she
has learned across her career, including
Gann Analysis. She can be contacted
through her institutional website at
www.dynamicsignals.com or shorter horizon
traders’ site at www.aeroinvest.com.
Eng. Mohamed Elkholy, MFTA
MFTA Research Paper: Price Rotation
Around Pyramid Cones Theory and Square
of Nine Bands Indicator & Oscillator
Mohamed Elkholy
CETA, CFTe, MFTA,
graduated from
Mansoura
University, Faculty
of Engineering. He
first acquired an
interest in technical
analysis in 2006
when he started
investing in his own portfolio and studying
technical analysis. He has been a member
of the Egyptian Society of Technical
Analysis since 2008, focusing his efforts on
studying the financial astrology and the
work of William D. Gann about forecasting
market movements.
Mohamed is a technical analyst with 10
years of experience in the field of financial
markets and is a professional automated
trading systems programmer, as he served
as a freelance signal provider. He is also
an expert in Metatrader 4, MQL5, and
Metastock.
His MFTA research discusses a theory he
developed that may contribute to unveil-
ing some of Gann’s undisclosed work. The
theory helped Mohamed to forecast price
targets and determine trend strength as
well as—by using the tenets of his own
theory—to create two indicators, which
he called the Square of Nine Bands and
Square of Nine Oscillator.
Prashant Shah, CMT, CFTe, MFTA
MFTA Research Paper: Line Break Charts
Prashant Shah is a
co -founder and
research head at
Definedge Solutions
www.definedge.com
a company that pro-
vides sof t ware,
research, and train-
i n g o n m a r k e t
IFTAUPDATE 2016 Volume 23 Issue 1 page 8