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.
Wednesday, February 2, 2011
comments and 02-03 outlook
Did not get the expected sell off in the afternoon. Not a great call. Adjusted middle cycle length some. Looks like we get a down day tomorrow.... We will see.
Here is the chart:
GL traders. Do you own analysis. Keep in mind shorter cycles may be over powered by longer cycles (see outlook for the week).