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is never more than 1.00, once it reaches 1.00 and remains there, VantagePoint expects the market to continue in an upward trend. You'll notice that from 10/05/98 to 10/06/98, there was a decrease from 1.00 to 0.82. Again, that indicates an expected turn in market direction, this time to the downside. It dropped further to a 0.00 and remained at 0.00 for several days, indicating a downward trend. The other two sections of the report go hand-in-hand. The PTS Diff is the difference between the actual 5-day moving average and a projected 5-day moving average that VantagePoint has predicted through its intermarket analysis capabilities. The PTM Diff is the difference between the actual 10-day moving average and a projected 10-day moving average. If the numbers in the PTS Diff and PTM Diff are positive and increasing, this indicates that VantagePoint expects the market to trend up. If the numbers are decreasing (they can even become negative numbers), this indicates an expected change in trend direction to the downside. |
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In these examples, you can see that when the Index was showing positive upward strength, the PTS Diff and PTM Diff were also showing positive upward strength. When the Index was showing weakness, the PTS Diff and PTM Diff were also showing weakness. When these three indicators are used in tandem with each other and are confirming each other, it increases the probability of a successful trade and gives the trader more confidence, since these indicators are independently derived through the use of several neural networks within VantagePoint. |
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In addition to the information above, VantagePoint predicts the next day's high and low to assist in identifying entry and exit points and help with setting stops. All of the information generated by VantagePoint is generated each day by taking into consideration intermarket relationships that exist between various selected markets and the forecasted market. This broadened context has allowed our clients to expand their technical analysis perspective to incorporate these intermarket dynamics. |
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Neal: Is there a Web site where readers can reach you? |
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Louis: Yes, it's www.profittaker.com. |
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