BRAZIL: A STAR IS BORN!
by Hank Pruden

      A bright new star is shining in the sky of the Southern Hemisphere. On
April 24, 2003, the ANAT - Associacao Nacional dos Analistas Tecnicos of
Brazil was born during a formal inaugurale ceremony in the stock exchange
building in downtown San Paulo, the financial heart of Brazil. This
inaugural ceremony took place immediately following an international seminar
on technical analysis featuring Bruno Ester, Martin, Pring and Hank Pruden.
Joining the presentation was Fausto de Arruda Botelho, who has become the
first president of the new Brazilian society. Mr. Fausto Botelho is an
energetic, well-respected teacher in the Brazilian financial markets. He is
also a marvelous host.

      On balance, the quality of seminar, the audience, the official and
sponser's of the seminar and the new technical leaders represented a "who is
who" of the Brazilian stock and commodity markets. With 50 affiliates
joining the new society, it is difficult for me to believe that any other
new IFM society could be more soundly based and solidly launched than this
new IFTA sister society in Brazil. I sincerely believe that a "star has been
born" and that outstanding future contributions to IFTA will flow out of
Brazil.
 


      The attached photograph of the officer's and Board of the new
Brazilian Society is evidence of the solid basis of Brazil as an important
IFTA society. These individuals are committed to furthering TA education
throughout Brazil in cooperation with all important commodity Exchange of
San Paulo as well as the Stock Exchange of San Paulo.

      A key piece of evidence in support of Brazil's "star status" is the
extent and strength of the Brazilian country and Economy. With a population
approaching 200,000 people, a land mass making Brazil the fifth largest
nation on the planet, a powerful material resource base and a growing heavy
industry and technology section, Brazil is poised to become a leading force
in South America and perhaps globally. At the conclusion of the
international seminar, panel members Estier, Pring and Pruden plus others
were in accord that the BOVESPA, the leading stock index composite of
Brazil, was poised to advance. Indeed, Martin Pring had for some time been
observing Brazil was poised to lead the next global bull market advance.

      The Brazilians are warm, welcoming, energetic, and optimistic people.
One can sense a palpable confidence in the new central government of
Brazilian. We might wish to keep the beautiful city of Rio de Janario in
mind for future IFTA conference. Welcome ANAT to the International
Federation of Technical Analysts!

by, Henry "Hank" O. Pruden, Ph.D, IFTA Vice President for the Americas.