CONTENTS OF ISSUE 40

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Market News and Views

Market Outlooks
+ Black Swan Volatility
+ What next for the euro?

Special Feature
+ Sentiment comes first at PIA

Awards
+ Winners and finalists from the Technical Analyst 2011 Awards

Technical Trading
+ Indicator Focus: The Advance/Decline Line

20 Questions
+ Gemma Godfrey, Credo Capital

Research Update

Training Diary