Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: timers who wrote (67823)	2/14/2001 10:24:53 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

my experience is that cycle turns are not dependent on price levels - i.e. it is impossible to predict if they occur on higher or lower levels, it is even hard to predict whether they will be highs or lows. the only use they really have is as a rough guide for identifying turning points that change whatever trend prevails going into them. of course the market dichotomy has made it even more difficult to use them - is the market going up or down? that's difficult to judge when various indices go in entirely different directions. anyway, while they sometimes don't work out as expected, i have been able to catch most major turns with their help - but they're of course just another t/a tool - helping to narrow down probabilities, but far from infallible.