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.
Monday, December 6, 2010
12-06 CREE - time to take profits
It has been a nice ride, but it is time to lock in profits. The 22 and 34 day cycles are topping. CCI has pulled back under +100. My channel projections should touch. So all the "sell" signals confirm each other.
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