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, January 24, 2012
It appears the short 17-18 TD cycle in December was not a true cycle inversion, but a transition to a new dominant cycle (34TD to 45TD). If this proves out we are now set up for some downside. So lets see what the market gives us.