Global Macro Futures - Standard Deviation Price Tables Update

I have learned over the years to view with a degree of cynicism the blanket "blind" acceptance of many forms of Technical Analysis or Charting, particularly the unproven, un-tested, non validated claims of many of its proponents.

Sure, we all need tools or crutches to trigger or support our investment decisions but it has taken me a long time to distinguish the "Voodoo Analysis" from the scientific, statistically validated approach I now try to implement.

You will see many reference in my Blog to various forms of Standard Deviation. Notably in the case of Momentum studies I am more keen to understand the "Rate of change of Momentum"as the direction of the Momentum itself . In many circumstances we can learn so much more from the second derivative.

Oulined below is the latest Table of Standard Deviation of PriceVolatilty derived from four central Moving Averages (Weekly, Daily,30 mins and 5 mins). For a more detailed explanation of how these numbers are derived and what periods and type of MA used please see earlier Post 10 Sept.

These Tables may or may not turn out to be "Supprt or Resistance" levels but they are a statistically consistent generation tabular form where the Mean Reversion have been evidenced and validated.

Enjoy.

Red- statistically Prices Overbought and should experience some Reversion to Mean

Black-last price at time of Post

Yellow-Daily Pivot, the Central moving average. Price above indicate recent strength. Prices below indicate recent weakness

Blue- statistically prices Oversold and should experience some Reversion to Mean

Daily Trend- Positive / Negative / Neutral

StDev-Rate of change of Daily Momentum: Accelerating Up/ Down / Contracting