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, January 7, 2017
Jan 9, 2017 weekly outlook
Looking at last week, you should have bought Tuesday. The market is whipsawing traders (and I missed that call). Chartists call the recent activity a mid-cycle move down. This usually gives us an "M" formation and it appears we have the first 3/4 of that formation.
If that formation completes then the market will be down in the coming week. I believe we have better than a 50% chance the week is down.