Short Term Trading Member Forum

[techcharter]

Cycle Questions on Cycle Translation

I noticed a dominant 2-day cycle on the intraday charts

The first started last Wednesday, and was right translated. It peaked after the middle of the cycle in terms of time, and the price ended higher. I think this is supposed to be bullish.

The second one (Friday morning into Tuesday morning) was symmetrical in time and price. Does this indicate a top?

The third one was peaked after the middle of the cycle, the cycle peak did not exceed the previous cycle high, and the price barely made a gain. Is it marginally right translated? Is it bullish or bearish?

Is there a pattern to cycle translations which will help prediict the fourth cycle which started this morning? It looks like it will be left translated, and may not break the last cycle peak. Is this potentially bearish?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=