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, December 22, 2018
Dec 24, 2018 weekly outlook
Appears we have made an ICL (Intermediate Cycle Low). I shifted the cycles to more closely match the data (as I interpret it.). Also RSI broke below "over sold" level.
off by 1 day on the ICL call. Had picked up $20k of stock in mid Dec. Today that proved to be a good move. Have made my goal for the year, Of course if I had 40 years trading experience like our troll I would have done much better. Wait. I started trading some in the mid 70s and that is 40 years. LMFAO
Big bounce coming, at least 2604
ReplyDeleteBounce l.Looks likely
ReplyDeleteJeez another bad day, is this going to be 40 week low ???
ReplyDeleteOriginally you had the 10 week cycle low at the very end of December...
ReplyDeleteI did note the change (shift) in cycles to better match the data. I am like the FED - data driven. LOL
ReplyDeleteoff by 1 day on the ICL call. Had picked up $20k of stock in mid Dec. Today that proved to be a good move. Have made my goal for the year, Of course if I had 40 years trading experience like our troll I would have done much better. Wait. I started trading some in the mid 70s and that is 40 years. LMFAO
ReplyDeleteNICE!!!! That's what 40 years experience does for you. $20k turned in to $22.5k
ReplyDeleteNice!! What's next now?
ReplyDeleteBe careful, don't overstay a position. This is a trading market - usually 2-3 days - maybe even a day trade for 1-2%.
ReplyDelete