Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Sunday, October 31, 2010
Oil short cycles
I have used the Ipath ETF OIL as a proxy for oil to show the short term cycles. It appears oil should have a short term bottomsoon (within 2 days). At that time IMO it should present a nice trading opportunity. See for yourself:
Nobody cares as much about your momey as you do - so be sure to do you own analysis.