Cycle turns are computed based upon DAILY charts. There is absolutely no reason to the idea that the turn would refer to a wiggle that in all likelihood will last roughly six trading hours, and complete a move, at that.
Remember, these are done with daily charts, not 15 min. charts. Hence the uncertainty, and the need to step wayyyyyy back to understand their significance.
No, if our scenario unfolds, the turns will be clearly visible on the dailies as the completion of the "C" in Naz, more importantly the "5" in NYA/Dow, and the launch of whatever down follows.
That's the $64,000 question in my mind, because I really don't attempt to catch all the wiggles you guys do. Are we in a bigger Naz flat, with the first leg just now done? I really doubt it; funnymentals are swirling the drain. Eventually, they DO matter, and influence the wave structure.
BC |
