It appears transportation may have set an intermediate term low. Of course I suppose fuel costs could limit any upside.
See for yourself:
GL traders. Do your own analysis.
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.