Does the siderograph convey the size of future market moves?
My thoughts: The result of Bradley’s work was not a consequence to predict or forecast magnitude of market moves; rather my understanding of his research and real-time experience since 1998 further convinces me of that. Therefore, I would not place any significance on a Bradley Indicator forecast of a number of market move points move in any average, i.e., Dow Industrials, S&P 500, NASDAQ, etc. My experience is that Bradley’s value is in determining the overall trend, and I would further quantify that as intermediate to long-term rather than short-term. I believe short-term fluctuations are too heavily influenced by real-time news and the dissemination of information, on a minute-by-minute basis plus an unknown quantity of false (spin) information otherwise know as disinformation. I believe the bigger, and longer-lasting, trends are not dominated by real-time news (manufactured or otherwise) or by the political babble coming out of Washington.
