Head of Trading of Egypt's Beltone Management Gains Knowledge of Cyclic Technical Stock Market Analysis at Foundation for the Study of Cycles in New Mexico

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Ayman Waked, Head of Trading for Beltone Financial of Egypt, has recently finished studying under the expertise of former executive director of the Foundation, and renowned technical stock market analyst Richard Mogey. Waked took a comprehensive trading course on cyclic and technical market analysis from Mogey at the Foundation corporate headquarters in Albuquerque from October 2-9, 2008.

Ayman Waked, Head of Trading for Beltone Financial of Egypt, has recently finished studying under the expertise of former executive director of the Foundation, and renowned technical stock market analyst Richard Mogey. Waked took a comprehensive trading course on cyclic and technical market analysis from Mogey at the Foundation corporate headquarters in Albuquerque from October 2-9, 2008.

Mogey is the developer of the Techsignal market analysis software program and Firebird trading platform used by the Foundation for the Study of Cycles (http://cycles.cc) to interpret and predict stock market modeling and fluctuation with extreme accuracy. The software program and algorithms, which have been used by the Foundation since the 1950's, has successfully predicted the majority of recent market fluctuations and has been a strong indicator of the current financial crisis and the ensuing rebounds.

The Foundation for the Study of Cycles was founded as a non-profit in 1941 in the State of Connecticut by Edward R. Dewey, who was the Chief Economic Analyst for the Hoover Administration. Dewey, who was also a Harvard PhD., was charged by Hoover to study the causes of the Great Depression. Dewey discovered that the economic problems of the time, although based in current events, were also cyclical in nature -- and therefore recurrent and potentially predictable. To date over 4,300 natural and economic recurrent cycles have been documented by cycle researchers worldwide. More on Techsignal analysis and current market predictions can be found at http://www.projectfirebird.org.

Beltone Financial is one of the fastest-growing investment banks in the Middle East and North Africa, offering institutional and high-net-worth clients a full range of services from corporate finance and asset management to securities brokerage, private equity and research. Beltone Financial presided at the First "Egypt Day", an event held February 4, 2008 at the New York Stock Exchange (NYSE), to showcase the increasing levels of investment opportunities in Egypt, the Middle East and North Africa region (MENA.) Top governmental and business leaders from Egypt were present at this inaugural event to share business and economic insights as well as ring the closing bell at the NYSE.

Founded in 2002 by a group of Egyptian financial services pioneers with decades of regional and international experience, Beltone has emerged as the investment bank of choice for brand-name companies in fields as diverse as information technology, telecommunications, agrifoods and textiles.

Ayman Waked formerly was chief technical analyst at EFG-Hermes, an investment bank with offices in Egypt, the United Arab Emirates and Saudi Arabia. He is the vice president for the Middle East and Africa of the International Federation of Technical Analysts (IFTA). From 2002-2008 he also served as president of the Egyptian Society of Technical Analysts.

Ayman Waked is a certified financial technician and holds a Masters degree in financial technical analysis from the International Federation of Technical Analysts (IFTA).

Waked has held various posts at a number of prominent investment banks in Egypt and also has worked for Egypt's SIGMA Capital as Chief Technical Analyst.

He lectures at universities in Egypt and serves as an instructor at Cairo University (Faculty of Economics and Political Science), the American University in Cairo's Institute of Banking and Finance and the Egyptian Banking Institute. He has delivered lectures and seminars throughout the Middle East and North Africa region.

From 2006 to 2007, he was the technical analysis instructor for the Libyan Stock Market.

These credentials have led Mr. Waked to be in a position to manage the Middle East's first technically driven investment fund, which is scheduled to launch in early 2009 through Beltone Financial.

The Foundation for the Study of Cycles will also be launching its own branded cycles-driven technical investment fund later this year.    

Global markets are interdependent. As technical market analysis and related tools come to the forefront of market consciousness, this event will be seen to have been a good start to repair the chaotic and unpredictable trading that has dominated global markets and devastated global economies in the last quarter of 2008. The Foundation invites more market analysts to study cycles-based technical market analysis from the Foundation to help to ensure the continuing prosperity of our global economy for generations to come.

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