Second Patent Approved for Pioneering Computer-Based Technical Analysis
Company News and Press Releases
Market Technologies Announces US Patent No 8,560,420 Issued to Louis B. Mendelsohn for Pioneering Computer-Based Technical Analysis
Wesley Chapel, FL – Market Technologies, developer of VantagePoint Intermarket Analysis Trading Software, announced the issuance of US Patent No 8,560,420 to Louis B. Mendelsohn (CEO and president). The patent was issued for his pioneering invention of computer-based, predictive technical-analysis indicators for financial markets. Mendelsohn’s invention facilitated the demise of hand-calculated charts for technical analysis by turning the personal computer into a predictive, market analysis tool. The ensuing software development enabled retail traders to take advantage of the Internet and global data, thus making single-market analysis obsolete and intermarket analysis the standard for traders worldwide.
Mendelsohn’s computer-based, predictive methodology utilizes advanced neural networks processing historical market data in conjunction with current intermarket data to create technical indicators that can predict market movement two days in advance.
Mendelsohn’s patent for his extensive contributions to utilizing personal computing for technical analysis comes long after the financial media’s recognition of his evolutionary market-analysis work. Barron’s, Futures, Technical Analysis of Stocks & Commodities, Investor’s Business Daily, the Wall Street Journal, CNN, Bloomberg Television, and CNBC have recognized his work, He has also written two books and collaborated on more than half a dozen books on technical analysis.
Mendelsohn also holds a second patent that applies intermarket analysis to global financial market data. More information on that patent can be found here:
About Market Technologies ()
Founded by Louis B. Mendelsohn in 1979, Market Technologies is an Inc. 500 company headquartered in the Tampa Bay area. It is the recognized global leader in market trend forecasting with customers in well over a hundred countries worldwide. Market Technologies develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence and intermarket analysis to forecast commodity and financial markets throughout the world. These include, but are not limited to, stocks, stock indices, ETFs, energies, interest rates, currencies, metals, grains, meats, softs, and Forex, all covering more than 2600 world markets.