Hi friends,For those who wanted to take a look at the cycles but...

Hi friends,

For those who wanted to take a look at the cycles but did not have the resources to chart them specifically, I thought a chart update might be of use to them esp to see how the cycles performed after all.



Some notes:

1. The black cycle dot on the short term cycle chart shows we have gone past the chord length and a cycle top.
2. There is some overshoot between the projected and the actual cycle length of 3 trading days as shown.
3. The longer term cycle is just bottoming, so the pullback effects of the short term cycle will be moderated or mitigated in degree. But what is interesting is that both short and long term cycles will be in synchronity and moving up sometime in early May.. This is assuming that the cycles remains stable.
4. The divergence between the index and the smoothen RSI oscillator has become very pronounced, with the expectation of the index to resolve in the direction of the oscillator.
5. For those using number counting, yesterday was a bar "9" count ( not shown on this chart ). Bar "9" and "5" usually heralds a CIT.

Please refer to the XJO thread in the ASX by stock forum for some excellent analysis by others.

Best of luck, trade well

dascore