lsta newsletter 2011-1111

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Newsletter September 2011 Volume I. No 1

A word from the LSTA President Mr Gregoire AzarDear LSTA Members,

Dear Friends,

In this first LSTA Newsletter, I would like to insist on our Associations Goals and our real Objectives : Create a

Community for Technical Analysts in Lebanon, Sharpen the skills of Lebanese Dealers / Investors, Exchange

knowledge and experience among the members, and to enhance Professional Qualifications of LSTA members

With a few number of valiant young people, We succeeded in giving birth to the Lebanese Society o

Technical Analysts- LSTA after months of difficult combats against unforeseen obstacles, and unpredictedhurdles. Our initiative took us almost two years, but we made it at last. LSTA is now offering to our Lebanese colleagues what all Traders, Investors

Portfolio Managers, Private Bankers need most of all in these volatile markets governed by uncertainty : Knowledge, Education and Expertise

The Overall economic crisis since 2008 continues to strongly weigh on financial markets; and as you know, the only approach to control irrationalism

and emotions in these tumultuous markets is Technical Analysis. Therefore, do invite your friends and colleagues to join us in our monthly ESA

gatherings, to get familiar with Technical Analysis and its methods, to learn how to detect Entry/Exit signals, and how to put Discipline in thei

trading, the magical word for success in dealing Stocks, Currencies and Commodities.

Finally, I would like to wish good luck to our Communications members, and thank them in advance for their energy in publishing our Newsletters.

I Hope to see you on October 21st

2011, as usual at ESA premises, at 18h00.

Kindest Regards.

Gregoire Azar

Greed and fear in financial markets In order to talk about fear and greed, we have to understand some concepts. What are human emotions

and what is their incidence and impact on our daily interactions, especially the stock market and its derivatives since this is the main interest of ou

subject. All our actions are governed by our emotions. At the far end of the collection of emotions lie two major ones Greed and Fear. In psychology

this parallels to the impulses of life and death, or in psychological lingo, libido and mortido. When we see the ticks of the underlying security we are

trying to buy or sell go up or down on our screens so do our heartbeats. But are

we going to let our emotions control us or are we going to control them. Here

lies the difference between winning or losing in the stock marketOnce westep into the arena of investing we are in a dangerous environment and getting

there unprepared in like facing a wild untamed animal, a bear or a bull as a

matter of fact. If you dont get to know him and tame him, he maims you

Greed is nothing but excessive desire. Fear is the exact opposite force and both

are born from unreasonable immoderate expectations. When we first stepped

into the investment world we all had dreams and high expectations. But like

the neophyte who first steps into a martial arts gym when asked to perform his

first fight is overtaken and crippled by fear and cold hands and feet, so was our

fate when we saw the investment we just made melt down as the ticks started

dribbling and sinking on the screen of our pc. If we did not come back and

trained hard or studied even harder to increase and perfect and hone our
http://www.esa.edu.lb/


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knowledge and skills to come back fighting, passing many trials and tests from which we diligently drew our lessons and perfected our strategy we

would have never made it past ofbeing a good fighter or investor alike, mind you a champion or would be millionaire But what to do and where to

start in this vast, wild and volatile financial world? It is worth mentioning here that there exists a very skillful and efficient discipline today called

technical analysis. It is the art and not-so-exact science that will give you, if well applied, an edge, control and objectivity in financial markets based

on the study of human psychology and emotions in which the chart is simply a representation and visualization . While this articles purpose was to

present a summary on the subject, it will be our mission to tackle all along the subsequent issues the diverse points related to it. While wishing you

all safe and profitable trading, we tell you stay alive and keep learning in this ruthless yet amazing world. So long! Mario Kfoury

LSTA monthly meeting September 15th 2011

DURING LSTA SEPTEMBER 15TH

MEETING

AT ESA , LECTURES AND FORECASTING

STUDIES IN TECHNICAL ANLYSIS WERE

EXPOSED BY DIFFERENT SPEAKERS , MR

GREGOIRE AZAR AND MR RICHARD ELIA ,FROM WHICH WE SHARE SOME EXCERPTS

ON THE NEXT PAGES.

EURO

EURO MEDIUM-TERM FORECAST:

TREND NEGATIVE UNLESS A BREAK IS SEEN ABOVE

1.3950 ( DAILY CLOSE) PREFERABLY ABOVE 1.4050

OUR CONSERVATIVE TARGET = 1.3400/ 1.3350

POSSIBLE TARGETS = 1.3050 PROBABLY 1.2875


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EURO LONGER-TERM FORECAST:

TREND STILL NEUTRAL

UPTREND WILL BE CONFIRMED ONLY ABOVE 1.5070, BETTER IF ABOVE 1.5150/1.5220

DOWNTREND WILL BE CONFIRMED ONLY IF BELOW 1.2875 & TARGETS: 1.1875/1.1200


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GOLD


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GOLD SEEMS TO HEAD DOWN

FOR A CORRECTION:

EXPECTED TARGETS:

FIRST 1725 / 1702

MOST PORBABLY 1691 / 1650-37 / 1614

POSSIBLY 1579 / 1541 ------

BELOW WILL CALL FOR 1475 THEN 1452

+++++ UNLESS A BREAK OCCURS ABOVE 1900,ANYTIME

TARGETING: 1950/2000 POSSIBLY 2045

S&P 500

S&P 500 chart was explained by Mr Richard Elia on 15/9/2011

DISCLAIMER : THIS PRESENTATION IS OUR OWN ANALYSIS, BASED UPON CHARTS & INFORMATION WHICH WE CONSIDER TO BE RELIABLE. THE ANALYSIS AND

OPINION IN THE MATERIAL REPRESENTSOUR VIEW AT THE TIME OF TRANSMISSION. IT IS VERY IMPORTANT TO NOTE THAT SUCH ANALYSIS AND OPINION IS

SUBJECT TO CHANGE ANYTIME, WITHOUT PRIOR NOTICE.THIS PRESENTATION IS ONE SOURCE ONLY AMONGST MANY OTHER STUDIES TO BE ALSO

CONSIDERED IN CARRYING ON YOUR BUSINESS OR ACTIVITY. THIS PRESENTATION DOES NOT GIVE OR PRETEND TO GIVE AN INVESTMENT ADVICE. ANY ACTION

TAKEN BY USERS ON THE BASIS OF MATERIAL AND OUR ANALYSIS VIEW IN THIS PRESENTATION IS ENTIRELY AT THE USERS' OWN RISK.

Head Quarter ESA University Campus, Clemenceau streetBeirut, Lebanon

www.lstalebanon.com
http://www.lstalebanon.com/http://www.ifta.org/http://www.esa.edu.lb/http://www.lstalebanon.com/

lsta newsletter 2011-1111

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