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.
Monday, February 11, 2013
silver update Feb 11, 2013
If the cycles play out silver ahould put in a bottom by mid week. Silver failed to reach our upper target, but did exceed our lower targer. We may get a substantial 2-3 day sell down here.