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.
Tuesday, May 3, 2011
PBR - a look at an oil company 05-04-2011
PBR appears to have put in a bottom and is at a point it should be considered for buying. Here is a visual:
GL, traders. Do your own analysis before deciding.