Short Term Trading Member Forum

[PriceTeam]

JimQ, at what date do you place the last 10-week cycle?

Regarding your cycles, we've had this discussion a few times now, and I've noticed a few things:

* The cycles you mention are generally combinations of the Hurst cycles. For example, the 5-week cycle plus the 2.5-week cycle puts you right in the neighborhood of an 8-week cycle.

* The cycles you mention still only account for about 25 percent of the market action (and when I say 25 percent, I'm using this as a very rough number to indicate "a smaller portion and therefore unreliable").

* Little is gained by trying to imagine the future of the market (which seems to be a major preoccupation of cycle analyst types). In fact, this is quite detrimental to good trading. The secret is to know the market as it is right now and to trade just that--not your hope or wish or belief or analysis of what might be in the future.

Ted