2019 Volume 26 Issue 2

a newsletter for the colleagues of the International Federation of Technical Analysts

IN THIS ISSUE

President’s Report to Colleagues

1

President’s Report to Colleagues

3

Calendar-at-a-Glance

Dear IFTA Colleagues,

Education Lounge

11

5

Elliott Wave Workshop: How to Follow
Up a Corrective Wave

7

Negative Seasonality Weighs Amidst
Rising US–China Trade Tensions

Allow me to share withyou some of the IFTA

updates and developments over the pastmonths.

Congratulations New CFTes!

12 Member News
13 IFTA Board of Directors Nomination Form
14 MFTA and CFTe Exam Dates
15 Board of Directors

Next Issue: September 2019
Submission Deadline: August 15
Education Lounge articles: Send
submissions to newsletter@ifta.org.
All other content: Send submissions toadmin@ifta.org.
Advertise in the UPDATE and reach morethan 7,000+ IFTA colleagues worldwide.
For more information, go to
www.ifta.org/publications/newsletter/.

IFTA Webinars

Since our last webinar update, IFTA
Director Tom Hicks put together one morewebinar session, held in late March. Titled“Trading Opportunities in 2019,” the webinar was presented by keynote speaker
Dan Gramza.
Be sure not to miss our next webinar on
June 25, “So what’s your trouble with
options?” presented by keynote speaker
Paul Mclaren. For more information on
how to register, please visit our website(www.IFTA.org).

IFTA 32nd Annual Conference(2019) Update

As we are now less than four months awayfrom our annual major event, preparations
for the IFTA 32nd Annual Conference in
Cairo, Egypt, are well underway andmoving according to plan. Currently, all
keynote speakers have been confirmed.
Meanwhile, online registration had
noticeably picked up pace at the endof May. For all developments related tothe upcoming conference, please visit
https://ifta2019cairo.com/.
On behalf of the hosting society (ESTA),
I look forward to meeting you at the IFTA
32nd Annual Conference in Cairo!

CFTe Certification

Due to an initiative undertaken by our colleague and IFTA director Ron William, former IFTA president Bruno Estier, and current AFATE president Laurent Albie, as well
as several former AFATE presidents andkey individuals, and with the support of
the VTAD, I am very pleased to announce
that serious steps have been taken to soon
offer the CFTe I online exams in French.
I’d like to take this opportunity to thank all
those involved in this task.
Last, but not least, I would like to thankall member societies that shared updates

The IFTA UPDATE is a publication of the International
Federation of Technical Analysts, Inc. www.ifta.org, a notfor-profit professional organization incorporated in 1986.
International Federation of Technical Analysts
1300 Piccard Drive, Suite LL 14
Rockville, MD 20850 USA
Email: admin@ifta.org • Phone: +1 240-404-6508

IFTA 2019

Annual General Meeting
Friday, 4 October(4:00 pm–7:00 pm, tentative)

Marriott Zamalek Hotel, Cairo, Egypt
All IFTA colleagues are encouraged andinvited to attend. For further information,
contact IFTA staff.

and news from your local societies.
Sharing information, knowledge, andexperience is and will always be, in spirit,
the reason why IFTA exists and continues
to do so.
Hope to see you all this year in Cairo,
Egypt, at the IFTA 32nd Annual Conference!
Best regards,

Mohamed El Saiid, CFTe MFTA
IFTA President

IFTAUPDATE 2019 Volume 26 Issue 2

page 2IFTAUPDATE 2019 Volume 26 Issue 2

page 3

Calendar-at-a-Glance
Date
Monthly

Topic
Presentations from local and international speakers on a comprehensive range of topics (e.g.,sharemarket, CFDs, options, futures, FOREX trading, methodologies, money management,
psychology).

Monthly

Meetings are held monthly in nine cities across Australia. All monthly meetings are free tomembers. Visitors are welcome to attend. Bookings are not required. Visitors are welcome,first visit free.
Chapter leaders and their volunteer members serve as ambassadors for the CSTA andMonthlyplan social and educational events for the area. Events include presentations by industry
professionals and technical analysis experts and peer learning gatherings. Chapters also play avital role in their communities by connecting individuals and promoting technical analysis.
Meetings & Events: The STA holds monthly meetings in London, usually on the second
Monthly
Tuesday of every month, except for a summer break in August.

2019

Date
Jul

Sept

Oct

Speaker

Location

Time

Contact

STANZ(New
Zealand)

Various

Epsom Community Centre
200-206 Gillies Ave.
Auckland, NZ

Varieswww.stanz.co.nz/

ATAA(Australia)

Various

Various

Varieswww.ataa.asn.au

CSTA
Chapters(Canada)Various

Various

Varieswww.csta.org

STA

VariesOne Moorgate Place, Chartered
Accountants Hall, 1 Moorgate Place,
LondonVarieshttps://www.sta-uk.org/resources/
meetings-events/

Topic

Host

Speaker

Location

Time

Contact

1

STA Diploma Exam, Part 1

STA

NA

StayAhead Training Centre, London

6:30 pm

https://www.sta-uk.org/education/

9

STA Summer Party

STA

NA

6:30 pm

https://www.sta-uk.org/resources/
meetings-events/

Master of Financial Technical Analysis (MFTA)
Alternative Path, Session 2 application deadline
15
IFTA Update submission deadline for all news content (mid-September
release)24–28 Quantech Academy 2019

IFTA

NA

One Moorgate Place, Chartered
Accountants Hall, 1 Moorgate Place,
LondonNA

NA

www.ifta.org

IFTA

NA

NA

Variesnewsletter@ifta.org

SIAT

to be announced

2:00pm CEST https://www.siat.org/eventi/siatquantech-academy-2019/

7 & 8 CFTe Level II Preparatory Seminar

SAMT

Varies"Abbazia di Spineto
Via Molino di Spineto, 8
I-53047 Sarteano
www.abbaziadispineto.com/"
Geneva, Switzerland

31

Aug

Host

One Moregate Place, Chartered
Accontants Hall, 1 Mooregate Place,
LondonNA

8:00am–
6:00pm
6:30pmhttps://www.samt-org.ch/events/5/99/
CFTe-Level-II-preparatory-seminar.html
https://www.sta-uk.org/resources/
meetings-events/NAadmin@ifta.org

4:00pm–
7:00pm(tentative)
Variesadmin@ifta.org
http://www.ifta.org

10Monthly Meeting

STA

to be announced

2

IFTA

NA

4

Master of Financial Technical Analysis (MFTA) Session 2 application,
outline and fees deadline
IFTA Annual General Meeting

IFTA

Mohamed El Saiid, IFTA
President

Marriott Zamalek Hotel, Cairo, Egypt

5–6

IFTA 32nd Annual Conference: History Speaks

VariesMarriott Zamalek Hotel, Cairo, Egypt

8Monthly Meeting

IFTA &
Hosted by
ESTA
STA

to be announced

6:30pmhttps://www.sta-uk.org/resources/
meetings-events/

17

IFTA CFTe II Exam

IFTA

NA

One Moregate Place, Chartered
Accontants Hall, 1 Mooregate Place,
LondonVaries in locations worldwide

Varieshttps://ifta.org/certifications/

17

STA Diploma Exam, Part 2

STA

NA

Central London

1:00pmhttps://www.sta-uk.org/education/

https://ifta2019cairo.com/

Continued on page 4

IFTAUPDATE 2019 Volume 26 Issue 2

page 4

Calendar continued

2019

Date
Nov

Dec

2020

Feb

Topic

Host

Speaker

Location

Time

Contact

12Monthly Meeting

STA

to be announced

6:30pmhttps://www.sta-uk.org/resources/
meetings-events/

15

IFTA Update submission deadline for educational articles and newcontent (mid-December release)

IFTA

NA

One Moregate Place, Chartered
Accontants Hall, 1 Mooregate Place,
LondonNA

Variesnewsletter@ifta.org

1

IFTA Journal Web publication

IFTA

NA

NA

NA

http://www.ifta.org/publications/journal/

2

STA Part 1 Exam

STA

NA

StayAhead Centre, London

10:00amhttps://www.sta-uk.org/education/

10

Christmas Party

STA

NA

One Moregate Place, Chartered
Accontants Hall, 1 Mooregate Place,
London6:30pmhttps://www.sta-uk.org/resources/
meetings-events/

15

IFTA Update submission deadline for all news content (mid-March
release)Master of Financial Technician Analysis (MFTA) Alternative Path,
Session 1 application deadline
Master of Financial Technician Analysis (MFTA), Session 2 paper
deadline
CFTe II Examination

IFTA

NA

NA

NA

IFTA

NA

NA

NA

IFTA

NA

NA

NA

IFTA

NA

VariesVariesCertified Financial Technician (CFTe) Level II – registration opens for
October examination through IFTA website
Master of Financial Technical Analysis (MFTA) Session 1 application,
outline, and fees deadline
IFTA Update submission deadline for all news content (mid-June
release)IFTA Journal Call for Papers submission deadline

IFTA

NA

NA

NA

IFTA

NA

NA

NA

IFTA

NA

NA

NA

IFTA

NA

NA

NA

admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org
admin@ifta.org
http://www.ifta.org

28
Mar

15

Apr

23

May

1
2
15
31

IFTAUPDATE 2019 Volume 26 Issue 2

page 5

Education Lounge

Elliott Wave Workshop: How to Follow Up a Corrective Wave
By El-Sayed Owaidy, CETA, CFTe
Here are two facts:
 When a corrective wave corrects another corrective wave, it usually retraces thewhole corrective wave length and sometimes retraces more than the whole lengthof it or a little less than the length of it; it is the equal relationship between two rivals.
 Triangles are a kind of flat wave that has extended time.

Figure 1 shows the chart for GBPCHF, 4H. We note that an impulse wave has completed
at the upper end of the red rising trend line, and then a corrective wave took a place. As
soon as you see the unmistaken symmetrical triangle, you will believe that a zigzag wave
is unfolding and has completed both of its waves (A) and (B) and remained the last one of
zigzag, wave (C). Then you will give a down-target for it the same length of wave (A). Actually,that is what happened with me.

As shown in Figure 2, instead of declining, the prices stepped up, and that case is still
acceptable; it might be that the triangle developed its form from symmetrical to ascending
triangle. Prices are supposed to go down soon.

IFTAUPDATE 2019 Volume 26 Issue 2
Elliott Wave Workshop continued

Prices did not go down; they kept rising and we were mistaken. Despite the sharp declines
of wave (A), it is a three wave structure, so the mother corrective wave couldn't be a zigzag
wave. It is a flat wave, and the previous triangle has disappeared in the rise that represents
wave (B), and it looks like it is complete. Most probably, wave (C) takes place now withdown-targets, as shown in Figure 3.

page 6

Education Lounge

Figure 5 shows that the prices reached the upper border in one shot and made throw overit. Note the black and shooting star candles and failure swing with RSI.

Another example on EURCHF, daily chart:

Note what happened at the upper border. There is a bearish consolidation area ending witha double top inside the triangle, which means that most probably, the triangle has completed
and the wave (B) has ended. The target of wave (C) is shown in Figure 6.

In this example, we discovered the triangle at the end of wave C, so we expected a pricerise as wave E reaches the upper border of the triangle, as shown in Figure 4. Let's see
what's happened.

IFTAUPDATE 2019 Volume 26 Issue 2

page 7

Education Lounge

Negative Seasonality Weighs Amidst Rising US–China Trade Tensions
By Ron William, CFTe, Senior Tactical Strategist, RW Advisory (RWA)
Bloomberg media interview link
Elevated volatility is becoming the new normal, with low readings now signaling meanreversion higher. In this way, an important shift is developing both in terms of this latecycle phase and the actual mindsets of investors and traders. Adapting to ongoingchange and uncertainty will be key.

The Liquidity Trap

Fig 1. marks a third volatility compression pattern breakout into H2 2019, akin to “a calm
before the storm,” which targets the renewed interim ceiling around 21. The resumption
higher also signals a rising base in volatility around 13. Expect further market noise
and non-consensus surprises.

According to JP Morgan, the prior record-breaking Q1 v-shaped reversal in equity
market performance exhibited only a third of prior liquidity flows. The narrative backthen implied further money on the table that could be employed into the market.

Liquidity trends are inversely correlated with volatility, meaning that a rise in volatility
traditionally reduces portfolio exposure, as fear and uncertainty triggers risk averse
positioning.

IFTAUPDATE 2019 Volume 26 Issue 2

page 8

Education Lounge

Negative Seasonality Weighs Amidst Rising US–China Trade Tensions continued
However, recent sharp corrections have confirmed a fragmented market, vulnerable
to sharp asymmetric risk. Expect heightened pressure during our seasonality roadmap.

Seasonality Negative Into Q3 2019The S&P 500 posted its second worst performance in May since the 1960s, in line witha negative seasonality trend.

The US and China DanceThe US and China have shared a positive relationship for over two years via Hang
Seng China Enterprise Index. However, since early 2018, both markets have become
overextended in terms of price and valuation. This is when their so-called dance began
to change.
Popularly called the Sell-In-May (SIM) pattern, it is traditionally led by a weak volume,
post Q2 earning season into the summer holiday season and higher volatility.
Our cycle timing studies correctly predicted this negative seasonality period, as partof a mean-reversion setup, from previous divergences in late 2018.
We should all be on high alert for further volatility into the summer months, marked bya potential break in mid-July. The worst drawdown risk is expected during September
and October, as part of the Fall-Crash cycle.

Traditionally, the US market leads, with every metaphorical sneeze triggering a cold forthe rest of the world. It seems this age-old relationship is changing as China’s dominance continues to grow.

IFTAUPDATE 2019 Volume 26 Issue 2
Negative Seasonality Weighs Amidst Rising US–China Trade Tensions continued

Summer 2018 exhibited a lead breakdown, led by technology valuations, and now
US-China trade tensions are offering further pressure. Watch for downside targets into
10,000 to signal ongoing contagion across US (S&P 500) and global markets.

China Bear Setup, Weighed by Trade-War Sentiments

Chinese equity markets have sharply reversed their YTD record gains. The monthly chart
below now shows a bearish setup, with a downside trigger at 2790 (12-month/200-day
average). A sustained break unlocks further losses into prior 2018 lows near 2440.
Bloomberg sentiment measures highlight that “US-China” trade-war rhetoric has
broken “the wall of worry,” after spiking higher during the month of May, breaking theprior “wall of worry.” We do not expect a binary outcome either way, only further volatility and uncertainty. The Group of 20 summit in June will be a key sentiment gauge,
where Trump and Chinese President Xi Jinping are scheduled to meet.

page 9

Education Lounge

Ron William, CFTe, MSTA, is a market strategist with 20 years ofexperience working for leading economic research and institutional firms
producing macro research and trading strategies. He specializes inblended, top-down, semi-discretionary analysis, driven by cycles andproprietary timing models.
Ron is also a behavioural finance expert, trading psychologist, and performancecoach. He uses the latest techniques in peak-performance, neuroscience, andmindfulness, supported by his market analysis.
Ron's primary work, as part of his current institutional market advisory firm (RWA),
acquired global industry recognition with multiple finalist awards for "Best Specialist
Research/& FX." His market insights are also featured regularly across notablefinancial media programs (notably, Tech Sector and USD Peak) and industry
publications (2019 Bear Market Rally, Bitcoin-Digital Asset Paradigm and Bond Yield
Spike Risk).
Driven by high integrity education, Ron serves on the board of the International
Federation of Technical Analysis, heads the SAMT Geneva Chapter, and is anhonorary member of ESTA.

Balance professional
development andyour personal life with
the STA Home Study
Course©
WHY PURCHASE THE HOME STUDY COURSE?
The world-class e-learning Home Study Course(HSC)© is written by leading industry practitioners,
making it one of the best online products available
on the technical analysis market. Whether this is
your first introduction to technical analysis, you want
to refresh your existing knowledge, or you wish to
become a qualified technical analyst, the STA offersa tailored Home Study Course as part of our portfolioof world respected courses preparing students
for our internationally accredited STA Diploma
qualification.
You can learn from the comfort of your home at times
that best suit you. Although website based, it is fully
downloadable and may be used online or offline via PC,
Mac, iPad or Android machines.

Since the HSC is International Federation of TechnicalAnalysts (IFTA) syllabus compliant it can also be used
to prepare candidates for both the IFTA CFTe I and II
examinations.

WHAT WILL IT COVER?

WHO IS THE COURSE FOR?

• The syllabi for both STA Diploma Part 1 & Part 2
examinations• 15 in-depth subject teaching units• Exercises to self-test progress• Exam preparation module & video• Advice on report writing.
...find out more here

The course is intended for individuals who want to use
technical analysis in a professional manner or who want
to become a qualified technical analyst and advancetheir career. Enroll and start studying now!
For more details click here or contact the STA office on+44 (0) 207 125 0038 or info@sta-uk.org

WHEN WOULD YOU LIKE TO START?
Learn at your own pace rather than in a classroom - theHSC course is designed for those who need a truly parttime study option with maximum flexibility!
Buy now: £1,195.00

IFTAUPDATE 2019 Volume 26 Issue 2

Congratulations New CFTes!
Afnan Firdaus Abdul Shukor (STA)
Idzkandar Bin Idzhar Marappan (STA)
Ramlah Binti Kabul (STA)
Eduardo Eulogio Gamboa De Osambela
Bublee Sanchayita Sharma Goswami (STA)
Erik Hansén (STAF)
Danny Hoe Zi Jie (STA)
Jonathan Holmes
Parameshwor Khati (STA)
Chai Teng Shirley Khoo (STA)
Marcus Lee
Patrick Lee P C (STA)John Leiper (STA)
Mohamad Najib Mat Pa (STA)
Cristian Stoian (STA)

page 11IFTAUPDATE 2019 Volume 26 Issue 2

page 12

Member News
SIAT (Italy)
Societa Italiana di Analisi Tecnica

STA (United Kingdom)
The Society of Technical Analysts

Quantech Academy 2019Technical analysis education remains at the core of the STA’s activities, and in March, it
launched a new educational service with a tie-up with IG TV, where we post editions ofIG’s Charting the Markets slot on the blog page of our website. Visit https://www.sta-uk.
org/sta-blog/ to view some of these interviews.

Date

24–28 August 2019
Start time: 2:00 pm (each day)

Venue

Abbazia di Spineto
Via Molino di Spineto, 8
I-53047 Sarteano
www.abbaziadispineto.com/

Are you ready to learn one of the most in-demand skills in the finance industry?
Welcome to the Quantech 2019 Academy boot camp. In this three-day professionalonly event organized by SIAT, we will learn how to automate and implement various
strategies.
This event is for anyone interested in learning how to code, backtest, and run theirown investment algorithms. No prior knowledge of coding is required. Even if you havenever written a single line of code, we have included a boot camp that will teach you
the basics to get you ready.
Other than our event introduction, there will be no PowerPoints or lectures about useless theoretical details that you really don’t care about. We will learn by doing, and wewill walk through several algorithms line by line, gradually getting more complex as we
progress. We will run backtests and evaluate the results of our investment.
The goal by the end of this event is for you to be able to use what you’ve learned tocreate investment algorithms that execute whatever strategy you can come up with.
This is an excellent time to learn and develop an invaluable skill.

Students on our new, world-class e-learning Home Study Course are starting to take our
exams and passing with flying colours. The course, which covers the syllabi for both the
STA and IFTA examinations, offers 15 subject teaching units written specifically for it byleading market technicians. Learn at your own pace rather than in a classroom—the Home
Study Course is designed for those who need a truly part-time study option with maximum
flexibility! For full details visit https://www.sta-uk.org/hsc/.
The next STA Diploma Part 1 exam will be held in London and overseas on Monday 2 July,and the next STA Diploma Part 2 exam will be held on Thursday 17 October 2019. For moredetails on how to register, please email info@sta-uk.org
On 4 July, the STA will once again enter a team in the JP Morgan Corporate Challenge.
The 5.6 km route is suitable for individuals of all abilities and will be run to raise money forCancer Research UK.
To keep up to date with the STA and its events, follow us on Twitter @STA_ORG or like our
Facebook page.

IFTAUPDATE 2019 Volume 26 Issue 2

page 13IFTA Board of Directors Nomination FormIFTA is an international organization established to advance the interests of the global
community of technical analysis societies. IFTA is managed by a board of directors, which
is elected by the member societies at the Annual General Meeting, normally conducted at
the time of IFTA’s Annual Conference. In selecting a slate of candidates for the IFTA boardof directors, IFTA seeks to have the management resources, global representation, diversity,
expertise and experience needed to advance its mission.
IFTA is now requesting nominations from individuals to serve on the board of directors for
the October 2019–October 2022 term. IFTA estimates that six board vacancies will befilled at the 2019 Annual General Meeting in Cairo. Nominees must be willing to serve asa member or chair of a key IFTA committee and/or assist the committees and the board inongoing work as needed.
Board members serve without payment for their work on the IFTA board of directors. Service
on the IFTA board demands a high level of responsibility and a serious commitment tosupport IFTA’s mission; it also provides personal and professional rewards to its members.
Nominations from all interested persons are welcome. The deadline to submit nominations
is August 4, 2019.
The nomination procedure is simple:

Nomination Form: IFTA Board of Directors
Name of Nominee
Firm
Address
City

State

Postal Code

Phone

Fax

Email

Country

Member in Good Standing of (Name of IFTA Member Society):
Nominated by

1 Any member in good standing of an IFTA member society may be nominated or may
nominate him/herself.

Persons seconding this nomination (must be members in good standing of an IFTA member society). Twoseconders required.

2 Nominations must be seconded by two members in good standing of an IFTA member
society.

1)
Name 		

Society2)
Name 		

Society

3 The nominee must have the support of the board of directors of a local member society,preferably his or or her own Society.
4 Each nominee must submit the following to IFTA Headquarters no later than August 4,
2019.
a Completed Nomination Formb Completed IFTA Member Society Endorsementc Summary or Curriculum Vitae (CV)5 All nomination materials should be sent by email or postal mail to:
International Federation of Technical Analysts
Phone: (240) 404-6508
1300 Piccard Drive, Suite LL 14
Fax:(301) 990-9771
Rockville, Maryland 20850 USA
Email: admin@ifta.org
Nominations will be announced to the membership in early September. Voting will take placeat the IFTA Annual General Meeting on October 4, 2019. If you have questions concerning
this matter or would like a nominating form, please contact IFTA Admin at admin@ifta.org.

Nominee must have the support of the board of his/her IFTA member society. A completed IFTA Member
Society Endorsement (below) must accompany this Nomination Form. A summary of the nominee’s professional credentials and background must accompany this application.
Nominations deadline: August 4, 2019.
IFTA Member Society Endorsement

Name of Nominee		Name of IFTA Member Society

and has the support of the society’s board of directors to run for a position on the IFTA board of directors.

Signature of Society Officer 		

Date

IFTAUPDATE 2019 Volume 26 Issue 2

page 14MFTA and CFTe Exam Dates
Certified Financial Technician (CFTe)—Level I
Date

Offered Year-roundSee our website for further instructions www.ifta.org/certifications/registration/
Syllabus and Study Guide www.ifta.org/public/files/publication-downloads/IFTA_CFTe_Syllabus.pdf

Certified Financial Technician (CFTe)—Level II

Exam 2

Exam 1

Exam dates

17 Oct 201923 April 2020

Registration deadline

30 Aug 201912 Mar 2020

Register at www.ifta.org/register/cfte2.php
Syllabus and Study Guide www.ifta.org/public/files/publication-downloads/IFTA_CFTe_Syllabus.pdf
For more information on the CFTe program, visit www.ifta.org/certifications.

Master of Financial Technical Analysis (MFTA)
Alternative Path Pre-Application Deadline

Session 2

Session 1

31 July 201928 Feb 2020

Application/Outline Deadline

2 Oct 2019

2 May 2020

Paper Deadline

15 Mar 2020

15 Oct 2020

(Session 2) Register at www.ifta.org/register/mfta_alt_session2.php(Session 1) Register at www.ifta.org/register/mfta_alt_session1.php

IFTAUPDATE 2019 Volume 26 Issue 2

page 15IFTA Member Societies

Board of Directors

AUSTRALIA—ATAA Australian Technical Analysts Association www.ataa.asn.au
CANADA—CSTA Canadian Society of Technical Analysts www.csta.org
EGYPT—ESTA Egyptian Society of Technical Analysts www.estaegypt.org
FRANCE—AFATE Association Française des Analystes Techniques www.afate.com
GERMANY—VTAD Vereinigung der Technischer Analysten Deutschlands e.V. www.vtad.de
GHANA—BSG* Bastiat Society Ghana https://bastiatghana.org
HONG KONG—FTAA Financial Technical Analysts Association www.ftaa.org.hk
INDIA—ATA Association of Technical Analysts www.ataindia.in
INDIA—ATMA* Association of Technical Market Analysts www.atma.ac
INDONESIA—AATI Asosiasi Analis Teknikal Indonesia
ITALY—SIAT Società Italiana di Analisi Tecnica www.siat.org
JAPAN—NTAA Nippon Technical Analysts Association www.ntaa.org.jp
LEBANON—LSTA Lebanese Society of Technical Analysts www.lstalebanon.com
MALAYSIA—MATA Malaysia Malaysian Association of Technical Analysts www.malaysianchartist.com
NEW ZEALAND—STANZ Society of Technical Analysts of New Zealand www.stanz.co.nz
NIGERIA—TASN Technical Analysts Society, Nigeria www.tasnigeria.org
SCANDINAVIA—STAF Skandinaviens Tekniska Analytikers Förening www.staf.nu
SINGAPORE—TASS Technical Analysts Society (Singapore) www.tass.org.sg
SOUTH AFRICA—TASSA Technical Analysts Society of Southern Africa www.tassa.org.za
SPAIN—IEATEC Instituto Español de Analistsas Técnicos y Cuantitativos www.ieatec.es
SWITZERLAND—SAMT Swiss Association of Market Technicians www.samt-org.ch
UNITED KINGDOM—STA Society of Technical Analysts Ltd. www.sta-uk.org
USA—TSAASF Technical Securities Analysts Association www.tsaasf.org
USA—AAPTA American Association of Professional Technical Analysts www.aapta.com

President Mohamed El Saiid, MFTA, CFTe (ESTA)
mohamed.elsaiid@ifta.org* Developing

Director Nik Ihsan Raja Abdullah, MSTA, CFTe (MATA)
nmihsan@gmail.com

IFTA Update Schedule
The IFTA Update is the quarterly electronic newsletter of the International Federation of TechnicalAnalysts, reaching more than 7,000+ IFTA colleagues worldwide. The Update is an efficient and costeffective way to communicate with IFTA’s member societies and colleagues.

PUBLICATION SCHEDULE
September Issue

All content due August 15

December Issue

All content due November 15

March Issue

All content due February 15

June Issue

All content due May 15

Send Education Lounge article submissions to newsletter@ifta.org. Send all other content to admin@ifta.org.
For more information and to advertise, visit our website: www.ifta.org/publications/newsletter/.

Vice President Middle East and Africa and Conference Director Tamer Gamel Edin Hassan, CFTe (ESTA)
tgamal@gmail.com
Vice President Europe Clive Lambert, MSTA, CFTe (STA)
clive@futurestechs.co.uk
Vice President Americas Jeanette Anne Schwarz-Young, CFP®, CMT, M.S. CFTe (AAPTA)
optnqueen@aol.com
Vice President Asia-Pacific Hiwon Yoon, Ph.D., CMTA (NTAA)
yoon@cmdlab.co.jp
Treasurer and Website Director Karin Roller, CFTe (VTAD)
karin.roller@vtad.de
Director Francesco Caruso, MFTA (SIAT)
info@cicliemercati.it
Development Director Ron William, MSTA, CFTe, CMT (SAMT)
ron.william@ifta.org
Education Director Gregor Bauer, Ph.D., CFTe (VTAD)
gregor.bauer@vtad.deExamination Director Saleh Nasser, CFTe, CMT (ESTA)
saleh.nasser@ifta.org
Secretary, Development Director and Asia-Pacific Affairs Takashi Nakamura, MFTA, CFTe (NTAA)
nakamtak@mse.biglobe.ne.jp
Membership Director Alek Jankowski, BE, M.Eng.Sc., Grad.Dip.Mgt. (ATAA)
Alek.Jankowski@ATAA.asn.au
Marketing and Webinar Director Tom Hicks, MSTA (STA)
tom.hicks@live.co.uk

Staff

Executive Director Charles W.L. Deale, FASAE, CAE
Senior Vice President, Meetings Grace L. Jan, CAE, CMP
Senior Member Services Manager Linda Bernetich, CAE
Marketing Manager Julie Hill
Accounting Dawn Rosenfeld
Editor Lynne Agoston
Production Manager Jennifer Olivares

IFTA HEADQUARTERS
International Federation of Technical Analysts
1300 Piccard Drive, Suite LL 14
Rockville, MD 20850 USA

Phone: +1 240-404-6508
Fax: +1 301-990-9771
Email: admin@ifta.org