TV weather personalities get a bad rap. Who hasn’t blamed their local meteorologist for getting drenched in a downpour on a “sunny, sunny, sunny” day? Yes, forecasting is complex. Especially for days farther in the future as weather can be chaotic and unpredictable. But, the math behind forecasting skews toward the forecaster being correct.
The website Freaknomics.com recently studied meteorologists’ precipitation forecasts in Kansas City. They found TV weather people were correct 85% of the time one day in advance and 73% right seven days out. On the surface, that would not seem too bad. But consider that if a meteorologist in this study always predicted the sunshine instead of rain. They would still be right 86.3% of the time.
The financial markets are just as chaotic and unpredictable for traders. Without the proper tools, the chances of successfully forecasting market direction into the future are slim.
[bctt tweet=”Left to their own devices, most #traders will be right less than 50% of the time” username=”markettech”] … and the consequences can be far worse than getting caught without an umbrella.
That’s because most traders still use “lagging” single market indicators. These indicators can only see what’s happened in hindsight. They study a chart on Wednesday night, look at a moving average and see that a particular market of interest is trending up or down. They soon find out the trend actually started on Tuesday morning, and they’re already a couple of days late getting into the position. That’s what happens when you look at traditional single market charts and lagging indicators. Even the weatherman have predictive tools, and traders can too.
With VantagePoint Software and its Intermarket Analysis, traders can dramatically improve their odds by using the patented, predictive indicators. These indicators forecast future price trends with up to 87.4% accuracy. Using patented neural network processes to predict changes in market trend direction 1-3 days in advance, VantagePoint gives traders an unprecedented opportunity to get on the right side of trends at the right time – days before other traders even know what’s happening.
VantagePoint Forecasting in Action
Want to see how it works? The below video showcases how VantagePoint can help traders identify new trends and opportunities for profit in just seconds.
Market Forecasts for Windstream ($WIN), Salesforce.com ($CRM) and American Tower ($AMT).
