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.
The shorter term chart suggests a top is close. Could move sideways a week or so like early January. So a correction the last half of April shows potential. As to the long term chart it suggests a major top may be in the cards. This correlates with long cycles (i.e. Kress cycles that I have discussed) turning the market down for a major correction later in the year.
This is what I have been looking at. Thanks Inlet. We are due. Maybe a RYFO rally tomorrow. I've got mid MAY in mind and one more fake out high. Heck bottom could fall out at any time.
Hello Inlet
ReplyDeletecan you please include your valuable comments, is it UP or Down
The shorter term chart suggests a top is close. Could move sideways a week or so like early January. So a correction the last half of April shows potential. As to the long term chart it suggests a major top may be in the cards. This correlates with long cycles (i.e. Kress cycles that I have discussed) turning the market down for a major correction later in the year.
DeleteThose long term charts sure are interesting to ponder over.
ReplyDeleteProblem for the bears, the notion of a double top is now out. We've way above the 2000/2007 highs.
If we're lucky, might retrace to the 1600/1500s..before another up wave. After all, what else will the central banks do, other than PRINT, right?
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You may be right, but the market has a way of always suggesting it will go up and down at the same time. Hehehe
DeleteA fib within a fib off 666. Could you look at the the FIB from 666 Inlet?
ReplyDeleteSheeps - take a look
ReplyDeleteNice chart.
ReplyDeleteThis is what I have been looking at. Thanks Inlet. We are due. Maybe a RYFO rally tomorrow. I've got mid MAY in mind and one more fake out high. Heck bottom could fall out at any time.
Thanks again.