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.
Thursday, October 21, 2010
Analyzing an individual stock - NUE
Individual stocks often have cycles that differ from a composite ETF like SPY. So there are always opportunities to go long (or short) regardless of what the overall market is doing. Here is one such stock that may be a buy sometime next week.
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