Any opinions expressed in the review are those of the author and not an official position of the MTA, which does not endorse this orany other commercial product. The purpose of this article is to educate readers on EidoSearch, a platform for technical and quantitative investment professionals. The article will first provide a walk-through of the primary search feature. It will also discuss other features and functions; current and future capabilities; user interface and user friendliness; research and trading applications; and how to learn more about the platform. The EidoSearch concept is simple. Load up a chart, search for similar looking charts. Stated more technically, one selects a time series, represented by a graph, as the search query. The search results are other time series that best-fit the query, similar to R-squared. The time series can be stock prices, indicators derived from stock prices (moving averages, RSI), price charts of other asset

Traders use charts to visualize data, and price charts are an indispensible aspect of technical analysis. One of the many interesting aspects of technical analysis is that academia takes many of the concepts technicians study and apply a different perspective to the tool. Quantitative analysis is similar to many of the screening techniques technicians have long used, and in some cases quantitative analysis involves applying technical principles like relative strength to fundamental data. Behavioral finance is offering explanations for why chart patterns work. Data visualization is another example of this idea. Data visualization is an effort to present information in a meaningful manner. Edward Tufte, a professor at Yale University, has been one of the leaders in this field, and has written several classic books on the subject. He defines the subject simply as “Data graphics visually display measured quantities by means of the combined use of points, lines, a coordinate

Technicians usually focus on price action in a stock or market. Fundamentals are often thought of as an unnecessary input to the decision making process. Robert Edwards, co-author with John Magee of the classic book on chart patterns, Technical Analysis of Stock Trends, is said to have completed his analysis of a chart without even knowing the name of the company. This is definitely an approach that can be applied successfully. Fundamental analysts can be equally successful using only the data found in financial statements and failing to consider price charts at all. Both approaches which rely on a purist philosophy ignore a large amount of information that can be potentially useful. Recognizing this, John Bollinger, CFA, CMT, has written about Rational Analysis, which combines any potentially useful information into the analysis approach. Fundamental data can be charted, just like price data. In the chart below, we see that earnings are plotted

Fall 2011 CMT Exam Administration – Registration is Open! Registration for the Fall 2011 Administration of the CMT Exam is open for all levels! Sign up today to ensure your preferred location by visiting: http://go.mta.org/registercmt. If you need help registering or have any trouble scheduling your exam with Prometric (our outside test center), contact Marie Penza at 646-652-3300. For detailed instructions on registering online, click here. To read an important announcement regarding the test dates for the Fall 2011 Administration, click here. Membership Dues Renewal Approximately 25% of our membership has dues expiring in the months from June to August! It is important that you renew in a timely fashion to ensure there is no disruption in overall MTA services. To renew… Login into your account by visiting http://www.mta.org Select the MyMTA link to access your account information. Once logged in, look to the right of the page. You will see a large, blue “renew” link. Click