Deva, when I tried to verify the wavelengths which I had been using, the variability was disconcerting. So with many caveats, I now think the main cycles are multiples of approx 6.5-7.0 months. A 65/33/16 set works reasonably well and 130 makes a LT channel.
Regarding channels, I was not really clear in my description of channel construction. Plot a centered MA according to the wavelength to be enclosed, and then set a DPO of the same length. The DPO chart shows the combined amplitude of all cycles of length equal to the CMA length, and shorter. Note the median excursion for both sides of the CMA, as usually the lows will be further away than the highs. Extend (extrapolate) the CMA to the current date and adjust for the median excursion. You may also want to adjust for a 90_95 percentile change just to know how crazy it has been before.
This would suggest that the low may occur in the last half of Q4, and the 130 day channel suggests the potential for current lows between 1250-1210.
Short term channels can also be constructed using the 15 day cycle, or something similar, and the appropriate DPO.
The pnf obj from the original breakout is approx 1550-1600, so long positions are the way long term, and CCI geared to 65 or 130 days (i.e. 30% of wavelength) provides a good alert signal.
As long as the slope of ma130 remains positive, keep the faith.
Best wishes, Oddlot
Stay on the right side of the cycle!
