Bradley Siderograph

Analysis of the August 28, 2018 Long Terms Turn Date

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Update on the Aug 28, 2018 Turn Date Performance for Selected Securities

The graphs below illustrate that many of the most actively traded securities experienced a change in trend around the time of the August 28, 2018 Long Terms Turn Date with a Power of 100/100.

However, the effect was not as strong for several currencies.

Most Actively Traded Securities

Currencies

Other Securities

Securities with the Highest and Lowest Lifetime Correlation with the Long Terms

Last month's "What's Working Now" featured securities that have had a high correlation with the Long Terms during their trading history.

Five of these seven securities (i.e., 71%) experienced a change in trend around the August 28, 2018 Long Terms Turn Date.

On average securities in this population increased approximately 2.5% in the 11 days leading up to the August 28 Turn Date, and they declined approximately the same amount in the subsequent 11 days after the Turn Date.

Conclusion

Based on this analysis, for certain currencies the August 28 Long Terms Turn Date largely failed to result in a change in trend.

However, for several of the most actively traded securities the August 28 Turn Date did correspond to a change in trend, and certain securities with a high historical correlation with the Long Terms also largely experienced a change in trend.

Past performance is no guarantee of future results.  Correlation is not causation.  This page does not contain any financial, legal, or other advice, and you are encouraged to consult your own professional advisers to inform your own unique circumstances, constraints, and objectives.  See the Terms of Service and Privacy Policy for additional information.