Raymond Merriman is President of Merriman Market Analyst, Inc. and the editor of The MMA Cycles Report, an advisory newsletter issued monthly and used by banks, financial institutions, investors and traders throughout the world since 1982. Between 1982-1986 Mr. Merriman was a frequent guest contributor on the Financial News Network. He served as an Investment Executive with Prudential Securities and Shearson Lehman Hutton, before becoming an Accounts Vice-President of Retail Commodity Futures with Paine Webber. He has passed both the Series 3 and 7 exams for Commodities, Financial Futures, Securities and Investments, and is registered as a Commodities Trading Advisor through the National Futures Association. Mr. Merriman is also the author of several books on financial market timing.