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, February 7, 2011
outlook for 02-08
The short cycles are upward biased for tomorrow. I am bearish for the week and expect the longer cycles to take control during the week. If that happens tomorrow you can forget the short cycle bias.
Here is the SPY chart:
GL traders. Do your own analysis. If you have long positions protect yourself with stops.