Released 09/03/2001
Equis and John Murphy Team Up to Announce "CPR" software
SALT LAKE CITY,
September 3, 2001 - Predicting where the markets are likely to go has
always been the aim of analysts, no matter what their methods. Now
there's a new tools to make market prediction easier for every investor
and trader. The makers of MetaStock, Equis International (a Reuters
company) have teamed up with John Murphy of MurphyMorris to create MetaStock Chart Pattern Recognition
(CPR), a new plug-in for MetaStock. CPR allows traders and investors to
identify classic, "tried-and-true" chart patterns through their
MetaStock software.
"There's no other product for
investors that works like John Murphy's CPR. We are tremendously
excited about it," says Allan McNichol, president and CEO of Equis.
"John and his business partner, Greg Morris, have contributed their
incomparable expertise to help us make one of the most powerful and
educational tools for technical analysis on the market today." McNichol
says that Equis is looking forward to more partnerships with solution
providers such as Murphy and Morris in the future.
What Are Chart Patterns?
Chart
Patterns are pictures or formations that may appear on price charts of
stocks, commodities, or other types of securities. Repeatedly, these
patterns have been shown to have predictive value. Chart patterns are
classified into two groups:
- Those that predict a reversal in a trend, and
- Those that predict the continuation of a trend.
CPR takes the guesswork out of identifying these patterns.
Key Features
The reversal patterns identified by CPR include
- Head and Shoulders
- Inverse Head and Shoulders
- Triple Tops
- Triple Bottoms
- Double Tops
- Double Bottoms
Continuation patterns that are detected include
- Symmetric Triangles
- Ascending Triangles
- Descending Triangles
CPR
allows traders to verify the patterns they identify with John Murphy's
own expert commentary and to highlight the patterns on their charts
with colorized bars and labels. CPR includes explorations that will
automatically scan through thousands of securities looking for specific
patterns. It will also filter out everything but the securities that
are most likely to produce the best trading opportunities.
System Requirements
The minimum configuration required to run CPR includes MetaStock 7.0 (or higher), Microsoft Windows 95, 98, or NT 4.0 (or higher), a Pentium 166, 32 MB of RAM, and 50 MB of free hard disk space.
The
recommended configuration includes a 233 MHz (or faster) processor, 128
MB of RAM, and 50 MB of free hard disk space for installation.
Pricing and Availability
CPR
is regularly priced at US$399, but it's currently being sold for US
$299 plus shipping and handling. CPR can be ordered by phone at
801-265-8886 or 800-882-3040, by fax at 801-265-3999, or by email at
sales@equis.com. More information and online ordering are available at
http://www.metastock.com.
About MurphyMorris
John Murphy
and Greg Morris joined forces in 1996 to produce educational products
and services for investors. "There was a void in quality software
products that truly focus on investor education," says Morris,
"probably because software developers were not necessarily
knowledgeable in the financial arena."
John J. Murphy
has been an analyst with CNBC television and is the best-selling author
of three books (Technical Analysis of the Futures Markets is
universally considered the leading reference on the subject). He is
also a highly acclaimed expert on intermarket relationships, a
newsletter editor, and an internationally known speaker. Murphy has
been actively involved in market analysis and commentary for almost 30
years.
Gregory L. Morris is an investment analysis software
developer, an author, and a frequent speaker at seminars, both in the
United States and internationally. Morris has been actively involved in
investment software development for over 15 years and has been an
active trader for over 20 years.
About Equis International
Equis
International develops and markets MetaStock, award-winning investment
charting and analysis software for individual investors, traders,
stockbrokers, money managers, and professional analysts. The MetaStock
Family includes MetaStock for End-of-Day traders, MetaStock
Professional for Quote.com, MetaStock Professional for eSignal, Reuters
MetaStock Professional, and MetaStock Online at
https://www.metastock.com/online. Equis, based in Salt Lake City,
Utah, was founded in 1982. In 1996, Equis was acquired by Reuters
(NASDAQ:RTRSY), the world's premier news and financial information
company. Additional information about Equis and MetaStock can be found
online at http://www.metastock.com.