| Wesley Chapel, Florida, April 14, 2008 -- June
U.S. Treasury Bond futures have been trading generally sideways to higher
for the last two weeks after backing off just a bit from the March high of
121 1/32, but the overall technical picture for T-bonds has regained its
bullish tone despite the recent sideways trading range.
Using
VantagePoint Intermarket Analysis Software (www.TraderTech.com),
one can see on the daily bar chart for June T-bonds that the predicted
medium-term moving average produced a bullish crossover by moving above the
actual medium-term moving average line last week. This suggests T-bond
futures prices will trend higher in the near term. The last bullish
crossover on the chart occurred in late February, and prices proceeded to
trend solidly higher for the next three weeks.
One can also see
on the daily chart for June T-bonds that the bearish crossover signals have
worked well for providing sell signals. On January 28 the predicted
medium-term moving average crossed below the actual medium-term moving
average, suggesting a bearish. Prices then declined for the next three
weeks, into the late February low.
Providing
confirmation, VantagePoint’s (www.TraderTech.com)
Predicted Neural Index has also moved to 1.0, another bullish indicator. The
Predicted Neural Index, a proprietary indicator, predicts whether or not a
three-day simple moving average of the typical price will be higher or lower
two days in the future than it is today. “The Predicted Neural Index
compares two three-day moving averages to one another – today’s actual
three-day moving average with a predicted three-day moving average derived
from intermarket analysis data,” said Jim Wyckoff, analyst for
www.TradingEducation.com.
When the
predicted simple three-day moving average value of typical prices is greater
than today’s actual three-day moving average value, the Predicted Neural
Index is "1.00," indicating that the market is expected to move higher over
the next two days. That type of information can be very helpful in
establishing short-term positions in forex and other markets ahead of moves
such as Tuesday’s strong rise in the U.S. Dollar Index.
The Predicted
Neural Index is either correct or incorrect so its performance can be
measured in terms of percent correct to produce the accuracy statistics
cited for VantagePoint (www.TraderTech.com),
which has a predictive accuracy rate of around 80% across a wide range of
markets and time spans in ongoing research.
About TradingEducation.com, LLC
Established in September 2005, TradingEducation.com, LLC (www.TradingEducation.com)
has developed into a comprehensive internet resource offering traders free
educational materials, quotes, and market relevant news for stocks,
exchange-traded funds, commodities, currencies, futures and options. Traders
from all experience levels can benefit from the wealth of information and
tools available at TradingEducation.com which seeks to enhance their trading
strategies and avoid costly mistakes. All information on
TradingEducation.com, LLC websites is free to the public, with operational
initiatives supported solely by advertisers.
About Market Technologies, LLC
Headquartered in Tampa Bay since its founding in 1979 by Louis B.
Mendelsohn, with trading software customers in over 90 countries worldwide,
Market Technologies is a fast growing, Inc. 500, company and recognized
world leader in market forecasting. Market Technologies researches and
develops proprietary trend forecasting and market timing technologies that
utilize artificial intelligence applied to intermarket and hurricaneomic
analysis, in order to forecast various commodity and financial markets
throughout the world. These presently include, but are not limited to,
stocks, stock indexes, ETFs, energies, interest rates, currencies, metals,
grains, meats, softs and Forex, covering over 600 world markets.
www.TraderTech.com
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