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.
Monday, December 27, 2010
12-27 cycle updates CF, NUE
CF looks close to topping, but may be 2-3 days from giving signals. Hold with tightened stops and see if signals happen...
Here is a chart:
NUE looks like it set a top on a longer cycle, but 2 shorter cycles are up. So any pullback at this time will probably be moderate (2-3 points). Wait for buy signals?