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, May 21, 2011
WLT outlook 05-22-2011
WLT appears to have just put in a 22TD cycle bottom and may be good for a swing trade. Here is the visual:
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