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, February 7, 2013
February 2013 update I
I hesitate to declare a top is in, but it appears to be the case. Given that I expect a pullback from the 2 shorter cycles (23TDs and 34TDs) into the February 22 and 27 time frame as 23TD cycles bottoms first around Feb 22 and the 34TD cycle bottoms later around Feb 27. So the absolute bottom should be in that window.
Here is a visual:
Feb 9 update: New highs on S&P and NAZ but DJIA lagging slightly. May be a top, but higher higs Monday not totally unexpected. Here is an updated chart: