Louis B. Mendelsohn
Encyclopedia
Louis B. Mendelsohn, a pioneer in the application of personal computer
s to the financial market
s, is President and Chief Executive Officer of Market Technologies, LLC, which he founded in 1979 to develop technical analysis trading software for use by commodity futures traders.
in the early 1970s, followed by stock options. Then, in the late 1970s, while working as a hospital administrator, he switched to commodities, as both a day and position trader, and began utilizing personal computers in his technical analysis
research.
In 1980 he left the hospital administration industry to trade full-time and continue his research at applying personal computers to technical analysis. Three years later, Mr. Mendelsohn pioneered the first commercially available strategy backtesting
and optimization trading software for personal computers. By the mid-1980s these capabilities had become the standard in technical analysis software
for both stock and futures traders.
Recognizing the emerging trend toward globalization of the world's financial markets, in 1986 Mendelsohn again broke new ground in technical analysis when he developed the first commercial intermarket analysis software in the financial industry for personal computers.
Building on his extensive research in the 1980s involving intermarket analysis, in 1991 Mendelsohn released VantagePoint Intermarket Analysis Software, which makes short term market forecasts based upon the pattern recognition capabilities of neural networks
.
Since then, Mendelsohn's research has continued to focus on intermarket analysis and market forecasting. Mendelsohn has written extensively since 1983 in many prominent financial publications including Barron's, Futures, and Technical Analysis of Stocks & Commodities. He has been widely quoted in the financial media including the Wall Street Journal and Investor's Business Daily, has collaborated on more than half a dozen books on technical analysis, and has been interviewed live on national radio and television, including CNNfn, Bloomberg Television, and CNBC. Mendelsohn's first book, Trend Forecasting with Technical Analysis: Unleashing the Hidden Power of Intermarket Analysis to Beat the Market, was released in December 2000. A second edition, Trend Forecasting with Technical Analysis: Predicting Global Markets with Intermarket Analysis, was released in early 2008. Another book, Forex Trading Using Intermarket Analysis: Discovering Hidden Market Relationships That Provide Early Clues For Price Direction, was released in March 2006.
His eldest son Lane J. Mendelsohn launched Market Technologies' first website at age 15 and remains dedicated to educating traders through TraderPlanet.com http://www.TraderPlanet.com, an online financial community launched in January 2009 that provides resources free of charge.
Marketplace Books, 2008, ISBN 1-592803326
Forex Trading Using Intermarket Analysis: Discovering Hidden Market
Relationships That Provide Early Clues For Price Direction, Marketplace Books, 2006, ISBN 1592802958
Trend Forecasting with Technical Analysis: Unleashing the
Hidden Power of Intermarket Analysis to Beat the Market, Marketplace Books, 2000, ISBN 1592802958
Personal computer
A personal computer is any general-purpose computer whose size, capabilities, and original sales price make it useful for individuals, and which is intended to be operated directly by an end-user with no intervening computer operator...
s to the financial market
Financial market
In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...
s, is President and Chief Executive Officer of Market Technologies, LLC, which he founded in 1979 to develop technical analysis trading software for use by commodity futures traders.
Biography
Mendelsohn began trading individual stocksStocks
Stocks are devices used in the medieval and colonial American times as a form of physical punishment involving public humiliation. The stocks partially immobilized its victims and they were often exposed in a public place such as the site of a market to the scorn of those who passed by...
in the early 1970s, followed by stock options. Then, in the late 1970s, while working as a hospital administrator, he switched to commodities, as both a day and position trader, and began utilizing personal computers in his technical analysis
Technical analysis
In finance, technical analysis is security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis incorporate technical analysis, which being an aspect of active management stands...
research.
In 1980 he left the hospital administration industry to trade full-time and continue his research at applying personal computers to technical analysis. Three years later, Mr. Mendelsohn pioneered the first commercially available strategy backtesting
Backtesting
Backtesting is the process of evaluating a strategy, theory, or model by applying it to historical data. Backtesting can be used in situations like studying how a trading method would have performed in past stock markets or how a model of climate and weather patterns would have matched past...
and optimization trading software for personal computers. By the mid-1980s these capabilities had become the standard in technical analysis software
Technical analysis software
Technical analysis software automates the charting, analysis and reporting functions that support technical analysts in their review and prediction of financial markets .-Features:...
for both stock and futures traders.
Recognizing the emerging trend toward globalization of the world's financial markets, in 1986 Mendelsohn again broke new ground in technical analysis when he developed the first commercial intermarket analysis software in the financial industry for personal computers.
Building on his extensive research in the 1980s involving intermarket analysis, in 1991 Mendelsohn released VantagePoint Intermarket Analysis Software, which makes short term market forecasts based upon the pattern recognition capabilities of neural networks
Neural Networks
Neural Networks is the official journal of the three oldest societies dedicated to research in neural networks: International Neural Network Society, European Neural Network Society and Japanese Neural Network Society, published by Elsevier...
.
Since then, Mendelsohn's research has continued to focus on intermarket analysis and market forecasting. Mendelsohn has written extensively since 1983 in many prominent financial publications including Barron's, Futures, and Technical Analysis of Stocks & Commodities. He has been widely quoted in the financial media including the Wall Street Journal and Investor's Business Daily, has collaborated on more than half a dozen books on technical analysis, and has been interviewed live on national radio and television, including CNNfn, Bloomberg Television, and CNBC. Mendelsohn's first book, Trend Forecasting with Technical Analysis: Unleashing the Hidden Power of Intermarket Analysis to Beat the Market, was released in December 2000. A second edition, Trend Forecasting with Technical Analysis: Predicting Global Markets with Intermarket Analysis, was released in early 2008. Another book, Forex Trading Using Intermarket Analysis: Discovering Hidden Market Relationships That Provide Early Clues For Price Direction, was released in March 2006.
His eldest son Lane J. Mendelsohn launched Market Technologies' first website at age 15 and remains dedicated to educating traders through TraderPlanet.com http://www.TraderPlanet.com, an online financial community launched in January 2009 that provides resources free of charge.
Selected bibliography
Trend Forecasting With Intermarket Analysis: Predicting Global Markets With Technical AnalysisMarketplace Books, 2008, ISBN 1-592803326
Forex Trading Using Intermarket Analysis: Discovering Hidden Market
Relationships That Provide Early Clues For Price Direction, Marketplace Books, 2006, ISBN 1592802958
Trend Forecasting with Technical Analysis: Unleashing the
Hidden Power of Intermarket Analysis to Beat the Market, Marketplace Books, 2000, ISBN 1592802958