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.
Both Phil Davis & Keystone Speculator favor the market selling off.
ReplyDeleteI did close my SVM calls yesterday for a nice gain so I have some cash.
I have not set up a short play yet, but looking at SDS. I know you are favoring QID & RWM. Futures are red so far.