TA-35 Downtrend Replay (1996-02-28 to 1996-04-15)
Replay the Israeli TA-35 correction that saw a 9.8% maximum drawdown across 46 daily bars from February to May 1996. You step through each session, face nine decision points, and receive an AI coach review of every simulated choice.
46 daily bars · 9 decision points · 1996-02 to 1996-05 · Stocks
Key facts
This window spans 90 days with a peak-to-trough drawdown of 9.8% and a 9.1% run-up.
- Max drawdown
- −9.8%
- Max run-up
- +9.1%
- Duration
- 90 days
- Largest single-day move
- −2.3%
- Bars
- 46 Daily bars
- Decision points
- 9
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
The Israeli TA-35 index enters a correction phase in early 1996. This was a period when Tel Aviv's benchmark faced headwinds amid post-election uncertainty and broader regional considerations that weighed on market sentiment. The index, representing the 35 largest Israeli equities, presented traders with a challenging landscape requiring careful assessment of support levels and trend integrity. Over the coming weeks, participants would need to distinguish between temporary weakness and the early signs of something more sustained.
From February 7 to May 7, 1996, the TA-35 traced out a correction spanning 46 daily bars. The index closed the period at 214.93, down from an opening of 217.19—a net decline of -1.0%—yet this modest headline figure masked a far more volatile journey. Maximum drawdown reached 9.8% at the worst point, while the largest single session move amounted to 2.3%. Nine decision points punctuated this correction, three of which represented critical junctures where positioning choices carried heightened consequence.
This replay trains participants to confront the psychological challenge of drawdown management. The disconnect between the shallow net decline and the deeper interim losses illustrates how corrections punish investors who fail to distinguish noise from signal. Navigating 9 decision points—including 3 critical moments—develops the metacognitive discipline required to reassess positions without capitulating to fear or greed. The 1990s era context also reminds traders that structural market knowledge, not just technical patterns, informs sound decision-making under uncertainty.
Featured in the archive