2. 1. Smoothed v. Real Data [6 month step] Smoothed Data Real Data: 6 month step
3. 2. Smoothed v. Real Data [3 month step] Smoothed Data Real Data: 3 month step
4. 3. Smoothed v. Real Data [2 month step] Smoothed Data Real Data: 2 month step
5. 4. Smoothed v. Real Data [1 month step] Smoothed Data Real Data: 1 month step
6. 5. Smoothed v. Real Data [monthly increase] Smoothed Data Real Data: monthly increase
7. 6. Smoothed v. Real Data [monthly decrease] Smoothed Data Real Data: monthly decrease
8. 7. Smoothed v. Real Data [decreasing divergence] Smoothed Data Real Data: decreasing divergence
9. 8. Smoothed v. Real Data [increasing divergence] Smoothed Data Real Data: increasing divergence
10. 9. Smoothed v. Real Data [high and low] Smoothed Data Real Data: high and low
11. 10. Smoothed v. Real Data [highs and lows] Smoothed Data Real Data: highs and lows
12. Smoothed Data or Real Data Smoothed Data Smoothed Data – 12 month rolling average This smoothed data is derived from any of these underlying real data examples. Example Real Data Three month step Six month step Two month step Decreasing Increasing Increasing convergence Highs and lows High and low Decreasing convergence Notes: Real data for 12 months, previous 12 months is exactly the same, to create 12 month rolling average (mean).