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Market Technologies Donates Money to the Hurricane Charley Disaster Relief Fund

Wesley Chapel, FL, August 18, 2004 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, the leading provider of intermarket analysis futures trading software, has donated money to the Hurricane Charley Disaster Relief Fund.  This fund directly benefits the victims of the disaster by helping to provide for the many necessities (like water, ice, food, etc) that so many have to do without right now.  "We were all very fortunate to have just missed being in the path of the storm ourselves, and it is important to help those whose lives, in a matter of hours, were changed for years to come" said Mr. Mendelsohn. Hurricane Charley made landfall at Cayo Costa, a barrier island just west of Cape Coral a town located in Ft.Myers. It hit land as a Category 4 storm at approximately 3:45 PM EDT on Friday, 13 August 2004. Winds were estimated at 145 mph, with a 7-foot storm surge. Charley then continued on a Northeast track over the state of Florida and took approximately nine hours to navigate the Florida peninsula. It was the strongest hurricane to make landfall in the state since Hurricane Andrew in 1992. Governor Jeb Bush has established the Florida Hurricane Relief Fund to assist communities in rebuilding. This fund will be used for needs unmet by other disaster relief organizations also working to help rebuild lives and communities. Communities will decide how their allocations from this fund should be spent, and the most heavily impacted communities will receive the greatest percentage of these funds.

About Market Technologies
Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with software customers in over fifty countries worldwide, Market Technologies develops proprietary trend forecasting and market timing technologies that utilize intermarket analysis to forecast various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, meats, and softs, covering a total of 43 financial futures and commodities markets.

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* VantagePoint's accuracy statistics were computed on out-of-sample price data utilizing neural networks trained on both single market and intermarket data and relate to the Neural Index which indicates whether the average of tomorrow's typical price and the typical price of the day after tomorrow (both unknowns at this time) are expected to be higher or lower than the average of yesterday's typical price and the typical price of the day before yesterday.  The numerical value of the Neural Index, either a one (1) or a zero (0) thereby indicates whether or not the trend direction is expected to be higher or lower for each target market over the next two days. A Neural Network accuracy statistic of 80% does not mean that eight out of ten trades will be winning trades.  VantagePoint is not a trading system that gives the same specific buy and sell signals to all users. It is a technical forecasting tool that is comprised of proprietary forecasting indicators that apply neural networks to market data for the purpose of finding patterns and relationships between markets and then using this information to make futuristic forecasts. Using these indicators each trader determines his or her own entries, exits and stop placements which may vary from those of other traders due to differences among traders in trading style, objectives, risk propensity, account size and number of contracts involved, thereby producing different trading results from one trader to another. Futures and options trading involves risk, is not for every trader, and only risk capital should be used.  For more detailed information, please read our important disclaimer and software license agreement.

VantagePoint Intermarket Analysis Software, TraderTech, ProfitTaker, World Leader in Market Forecasting, and Market Technologies, LLC are trademarks of Market Technologies, LLC. Synergistic Market Analysis, Synergistic Analysis and Market Synergy are service marks of Market Technologies, LLC. Hurricaneomics is a registered trademark of Market Technologies, LLC

 

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