XJO 0.80% 8,318.8 s&p/asx 200

rebound happening, page-24

  1. 100 Posts.
    Volatile Volatire,

    I don't use 'cycles' but I do test for time frames
    where the market tends to oscillate around a trend
    and use a number of bb's to trade from. At the
    moment my shortest bands are 1 day, 2 1/2 days, 7
    days and 17 days. What I have noticed is that sometimes there is an extended move for a full
    oscillation period before a significant reversal.
    For example one may be looking for the market to
    rise and fall in a 7 trading day period, but instead there
    is an extended move up for a full 7 days before it falls
    sharply.
    I think the specific date given in a 'cycle' may be more important than whether it is identified as a high or a
    low in advance. The closer you get to the 'cycle point' the clearer it becomes whether it is likely to be a high or a low. It certainly seems that way with Armstrong's
    2.15 year sub-divisions of the 8.6 year 'cycle'.

    Regards

    Andrew
 
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