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.
You initially had a market low around mid to late May with all cycles coming down. That would be a better picture of the current market rather than a "modified" cycle bottom picture that shows a May 1st bottom.
Suren - Predicting bottoms is not an exact science and hopefully as turning points near adjustments reflect a more exact prediction. I encourage you to do your own analysis (nobody cares more about your money than you do).
2461 .. need a big waterfall Black Monday followed by Tuesday selling
ReplyDeleteYou initially had a market low around mid to late May with all cycles coming down. That would be a better picture of the current market rather than a "modified" cycle bottom picture that shows a May 1st bottom.
ReplyDeleteSuren - Predicting bottoms is not an exact science and hopefully as turning points near adjustments reflect a more exact prediction. I encourage you to do your own analysis (nobody cares more about your money than you do).
ReplyDelete