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.
Thursday, April 21, 2011
comments for 04-21-2011
The market continues up which is consistent with a 22TD cycle (not a 33TD cycle). Each day it goes up strengthens the case for the 22TD cycle.
Take a look:
GL traders. Do your own analysis. Keep stops in place, and use limits to get good entries.