Example of the current day of week seasonal analysis and 20 day price history for CORN
Portion
of the TECHNICAL CHART that has
unique day-of-week characteristics and statistical information
Day %Up AveR AveG AveL Trend Period MA StDev
| Mon | 42% UP | 0.37 | .23 | -.17 | 32% UP | 10dma | 19.93 | .37 |
| Tue | 50% UP | 0.38 | .35 | -.19 | 39% UP | 14dma | 19.84 | .35 |
| Wed | 53% UP | 0.37 | .20 | -.26 | 41% UP | 17dma | 19.69 | .46 |
| Thur | 50% UP | 0.40 | .14 | -.28 | 42% UP | 21dma | 19.48 | .61 |
| Fri | 52% UP | 0.37 | .20 | -.27 | 58% UP | 45dma | 19.28 | .63 |
| Based on 5 years | Based on the last 161 days | ||||||||
The %UP in the first block (colored BLUE) represents the
statistical bias for each day of the week based on the past five years worth of
daily PIT session data. The TREND in the second block (colored RED) represents
the recent statistical bias based on the past 161 PIT session trading days only.
This represents at least 30 Mondays, 30 Tuesdays, 30 Wednesdays, 30 Thursdays
and 30 Fridays (30 X 5 = 150). It is important that we have at least 30 data
points before we can take any kind of meaningful statistical measurements; thus,
the 161 day window (our proprietary analysis).
All our daily graphs are based on the 161 day price history!
Day
of Week Seasonal Tendencies
%UP
= Five year bias corresponding to that particular day of week (Mon, Tue,
Wed, Thur, Fri).
AveR =
Average range for that particular day based on the past 30+ trading sessions for
that particular day of week
AveG =
Average gain for that particular day based on the past 30+ trading sessions for
that particular day of week.
AveL =
Average loss for that particular day based on the past 30+ trading sessions for
that particular day of week.
TREND =
30+ day bias for that particular day of week (over the last 161 trading sessions)
Period = Time Period (e.g. x day)
MA
= Associated Moving Average Value (e.g. x day moving average)
STDEV*
= Associated Standard Deviation Value (e.g. x day).
*STDEV
is the average range (distance) of each data point from the mean.
Click here for the daily price chart for Corn
