cycle by degrees suggests......

Hi friends,

By plotting the slopes of the dominant cycle of MDT, I have found the intersection of this indicator with the zero degrees horizontal line to produce a good indicator for entry at or near to the lows of the stock. This is as shown on the chart below.

What is of interest in the light of the posts by many other members on MDT, you can see that there is an intersection on last Friday- suggesting and concurring with the findings of these posts by other members that a possible entry or buy signal is in place!



Please note only one such signal in the past within the period indicated did not result in higher prices but a horizontal price which was of a very short period, but recording successful entry positions for all the other cases where this intersection took place. For the balance of the signals, it is seen that once the entry signal was sighted, prices rose as the trend turned upwards.

Let's see what it will do in the next few sessions as the same entry signal was sighted on Friday.

Please read the disclaimer below my signature line, and May the best prices be yours,

dascore