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.
http://hurstcycles.com/natural-gas-ng-and-qg/ SilentOne makes the best cycle analysis I have ever read. Commodities have different rhythm and opposite to the theory counting top to top is working better.
The previous 40 week low before 1812 feb was march 2015 ??? Really wasn't a deep low ... aug 2014 was I think
ReplyDeleteThis market.....will...NOT...G..O...D..OWN...!!!!
ReplyDeleteYou can look at the cycle of natural gas?
ReplyDeleteit seems that this next even YCL
http://hurstcycles.com/natural-gas-ng-and-qg/
DeleteSilentOne makes the best cycle analysis I have ever read. Commodities have different rhythm and opposite to the theory counting top to top is working better.
Krasi - Thanks for your contribution
Delete