TAO 2: Short (yellow), Long (orange), Average (red)
TAO (technical aspect oscillator) is hypothesized to be a measure of global psychology and is correlated with the DJIA, SP 500, and other global indices. Using the Pearson Product-Moment correlation for two independent variables, for the time frame 01/01/1999 through 06/30/2008,
Average TAO 2: For two data points per week, n=990: DJIA r= +0.72, SP 500 r= +0.81 (each greater than 1:100,000 against chance).
The TAO 2 has been unchanged since 01/01/2007, and has functioned real-time since then, as below. (Clearer graphs to come as I am able.)