Carl,
<<were all the cycle sells inverted?>>
That's the beauty of observing these cycles. As soon as friday 5/26's highs were taken out, Inverted cycle buy signals were given, and the rally was on. Knowing these key price points gives a high quality trade entry/stop point.
No further cycle buys or sells were due until today, and we had 2 SELL CYCLES fall today, 16 & 22 day sells recommending a sell of today's high.
No other buys or sells are due until next tuesday (6/13), a significant 36 day cycle high, so a break of today's high in the interim, if it happens, will give another inverted cycle buy signal. Otherwise, one would want to stay short from today's short entry attempt depending on conviction/other trading signals.
These cycles don't always catch the absolute highs or lows, but they always give valuable trade setups and a better understanding of market action. EW can fill in much of the blind spots.
Interestingly enough, a 16 day cycle BUY fell on 5/24, a signal that held up well.
Message 13762261
"and a cycle low due tomorrow"
I'm sure we could piece together an EW count that allows your el stinko back down to happen before the final rally, non? <g>
stinky butt
p.s. I'm unable to reply to private messages... Need a reset from S.I. Bob |
