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.
Thursday, June 20, 2019
June 21 outlook
Lack of pullback after FOMC indicates market is not ready for pullback yet. Sometimes you get the BEAR - sometimes the bear gets you.
Look again. I focused more on the time span that covers data (Jan thru June). This drops off the second half of 2019 where there is no price data. I dropped the 40 week cycle. but tops and bottoms of remaining cycles (5, 10, 20 weeks) are the same in both charts.
China depends on others to feed its population, energy to power its economy, theft of tech to try and compete.... Sounds like a world power to me. Hehehehe It is all good. The US is now energy independent. China is not even close in agriculture. It is all good.
wow, some change in where cycles were.
ReplyDeleteLook again. I focused more on the time span that covers data (Jan thru June). This drops off the second half of 2019 where there is no price data. I dropped the 40 week cycle. but tops and bottoms of remaining cycles (5, 10, 20 weeks) are the same in both charts.
DeleteIf you find my charts confusing feel free to skip them.
DeleteChina depends on others to feed its population, energy to power its economy, theft of tech to try and compete.... Sounds like a world power to me. Hehehehe It is all good. The US is now energy independent. China is not even close in agriculture. It is all good.
ReplyDeleteIf you don't like it, feel free to look elsewhere!
ReplyDeleteInlet, thank you as always, please keep up the great work.