In the light of the "please,please" posting by Rob, I'm making this post solely in response to the request by a member of this forum, "atlunch" who had specially requested to see a cycles trend indicator WEEKLY chart. This is not an attempt to show or flaunt unique trading indicators, or to promote or ramp up or down trading in the index or to promote oneself. There is also zero fundamental content in this post, and the chart is only for those who would like to see a mere technical representation of index price movements. There is no forecasting and no prediction contained within the chart. Please skip this chart if you are looking for forecasting information or if you are looking for information relating to fundamental analysis.
Also, I do not know the reasons why the member "atlunch" has requested this weekly chart, and so please refer any requests for clarifications to him and seek any explanations from him and not from me, if any, arising from the posting of this weekly chart. I am posting this chart solely in order to help.
To "atlunch":
Here is the Weekly chart of the Cycles Trend Indicator in degrees showing 100 weeks of the XJO as requested.
A few comments:
1. Since the weekly data is a compressed data of 5 trading days to form a week, the last price bar is "incomplete" as we have only 3 days for the last trading week. This means the chart is only accurate till today's close, with the last price bar subjected to change as Thursday's and Friday's data becomes available.
2. Weekly cycle charts are less accurate if used for trading signals especially for timing purposes. By using the cycle by degrees weekly chart, you are getting the signals as they fall within the week of 5 trading days, whereas if you use a daily chart you can get the day itself for the trading signal.
3. There have been 5 weekly trading cycles lasting periods of approximately 4 weeks each from the entry week to the exit week since Jan 2009 till current week.
4. As the cycles signals were close together on a compressed chart, the vertical line showing the price bars corresponding to the relevant entry and exit weeks have not been drawn as any lines drawn will make the chart rather crowded and messy. You may like to draw these lines to see how weekly entry and signals performed individually.
I hope you are able to use the chart for whatever purposes you have in mind and that this post has been useful to others as well.
(20min delay)