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.
Friday, October 21, 2016
Oct 24, 2016 weekly outlook
The past week was flat (no downside bias as expected).
The 5 week cycle tops mid week and then the 5, 10, 20, 40 week cycles are down.... We need to see a couple of weeks hard down if we are to get a 10% or better correction by mid November.