crude oil rises to record , page-3

Rob, very good post.

Infact without knowing it you have just proven that cycles do exist in the market.

Its a secret of forcasting that the first reaction point becomes the half way mark and depending on how the cycles line up if you add this move to the top or bottom of the reaction you get the final high. This is because cycles have nodal points.

Here is the proof of it in recent times:

S&P 500:



ASX 200:



BHP: