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, August 3, 2019
Aug 5 - next 2 months
Market looking high risk - time to trim positions????
Last nest late May (20 week low). Next 20 week nest is late Sept or early Oct and is also 40 week nest. Nests are every 4 1/2 months (20 weeks) and 40 weeks (Dec 26 and late Sep (early Oct - 9 months from late Dec 2018). Remember 40 weeks (9 months) is made up of 2 x 20 weeks ( 2 x 4 1/2 months cycles).
Thanks a lot for this spx chart Can u pl post similar chart for gdx or gold
ReplyDeleteSee prior post for GOLD
ReplyDeleteI saw that does not show when all cycles converge to low
ReplyDeleteLast nest late May (20 week low). Next 20 week nest is late Sept or early Oct and is also 40 week nest. Nests are every 4 1/2 months (20 weeks) and 40 weeks (Dec 26 and late Sep (early Oct - 9 months from late Dec 2018). Remember 40 weeks (9 months) is made up of 2 x 20 weeks ( 2 x 4 1/2 months cycles).
DeleteSP to 2400 ?! wow
ReplyDeletebold call. i like that you are making directional calls with the posts. very much appreciated.
ReplyDelete