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, January 23, 2011
OIL etf update 1-23
A new look at the technicals for OIL suggest that it may be hitting an area in which you may want to buy.