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.
Friday, August 23, 2019
Aug 24, 2019 outlook
The up sloping trend line was broken and has become a resistance line as market moves up/down beneath that trend line. Beta has become stronger with this trend line violation.
Thnx again. Do you still see a intermediate top around beginning September, as in your post August 5th?
ReplyDeleteMaybe a test of the prior high and a turn down but probably limited upside. Some more sideways and then a turn down starting by mid September???
ReplyDeleteOk, lets lets see
ReplyDeleteThank for giving all of us insight with your cycle work!
ReplyDelete