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March 6, 2005 - Trending123.com offers automated pattern recognition service to subscribers
Trending123.com announced today the
addition of a new pattern recognition service available to subscribers
through a partnership with Recognia Inc. The new service automatically
tracks and analyzes price and volume patterns for all securities and
indices in the major markets of the USA, Canada and London, as well as
FOREX currency pairs. These chart patterns provide investors and traders
with an indication of potential future price movements.
"Chart patterns have become extremely popular with technically oriented
traders and investors but to date, finding and identifying profitable
patterns has been a frustratingly slow, manual, procedure. The most
accurate pattern recognition method has been to rely on paging through
hundreds of charts," says David Gelfman, Principle of Trending123.com,
"Now our subscribers can find accurate patterns easily
using the Trending123.com Pattern Recognition Scan."
"At Trending123.com we are constantly adding valuable services and
content that increase our subscriber's ability to profit," says David
Gelfman.
"The recent addition of the Recognia tools has helped us distinguish
ourselves amongst our competitors as the most comprehensive (and human)
Technical Analysis investment website service."
Recognia provides on-line brokerages, fund managers and financial
information providers with automatically identified Technical Event® opportunities and
patterns using proprietary, patent-pending technology. Recognia
Technical Event signals are based on the standards of Technical Analysis and
provide investors with objective and actionable information that
improves trading decisions, increases trading volume, and saves time and
effort. Recognia scans all stocks in all supported markets each night
and delivers the information to customers via the web, via email alerts
and via a powerful API, before the open of the markets the next day.
"We are very excited to have Trending123 subscribers using Recognia
tools. These tools give traders a new and objective information source,
based on the principles of Technical Analysis." says Rick Escher,
President and Founder of Recognia. "By combining Recognia's automated
chart pattern recognition service with the extensive commentary and
analysis already available to subscribers, Trending123.com is a solid
technical resource for helping traders make better investing decisions."
About Trending123.com
Trending123.com is an online subscription based service directed at both
the active trader and the casual investor. We combine stock scanning
tools with human analysis, defining for our subscribers the difference
between bullish and bearish directions. We simplify and clarify in a
way that is easy to interpret. Our coined "Bullish Reversal" and
"Bearish Reversal" is used to signal the primary trend of a stock or an
index that traders look for on a daily basis. We alert traders to a
variety of setups which are also known as patterns (cup and handles,
triangles, or reversal wedges, etc.), providing specific entry points,
stops and profit projections. Our content Chief puts a daily spin on
the trends, providing subscribers the ability to react quickly and
profit from making quality decisions.
About Recognia Inc.
Recognia Inc., a privately held company founded in 2000, provides automated Technical Event® identification and chart pattern recognition to financial web sites, online brokerages and other trading institutions. Recognia has developed patented technology for chart pattern recognition and the identification of other types of technical formations. Recognia's technology is capable of recognizing patterns and other formations in the price charts of any publicly traded financial instrument including stocks, bonds, funds, commodities, currencies and indexes. Recognia also provides a range of delivery methods that allow brokers, and other organizations, to deliver this information to their clients and accountholders. Recognia also maintains an unrivaled historical database of information relating to chart patterns and other technical information, providing historical context and past performance information.
Contacts:
David Gelfman Principle (917) 881-8449 davidg@trending123.com
Rick Escher President & Founder Recognia Inc. Ottawa, ON (613) 789-2267 ext 225 rescher@recognia.com
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