PMiles - I know you know this but just have to say it. The more specialized or individual the investment category, the less obvious and predictable the cycles. The broader the index and the more representative of all investments, the more obvious and predictable the cycles.
Could a case be made that the 4-year low is already in? Might sound like heresy but looking back on this chart 4 years from now, that could be what we see. All cycles being up could explain the current monthly candlestick.
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