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.
Saturday, June 14, 2014
Week of June 16, 2014 outlook
Appears that the pullback that started Wednesday should continue for 7-8 trading days as the pullback continues. The low should be under 1900. Here is a visual:
If we overlay fibs on a time basis (0, 1, 2, 3, 5, 8, 13, 21, 34. ...) we see confirmation of a low in about 8 days: