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, May 19, 2011
MU appears to have just set a 22TD cycle bottom. Based on the amplitude (DPO) of the 22TD cycle the upside target 2 weeks out is around $11.50 (a substantial % gain). MU is a volatile stock and should make an excellent trading stock.
Here is the visual:
GL Shadow (I am sure you already did your analysis). Others, please do you analysis before risking your $s.