hi treggs...
the 'cycle indicator is purely a guide and is
not designed to exactly pinpoint cycle high
and lows....
i have applied 'Hursts' cycle theroy (this case 20 week)
to demonstrate there was currently a reoccuring pattern
ie...around 85-to100 days (alowing for 10-15% varience)
there was a cycle low and u can
see that happening... currently it its not quite playing the
game... past research has shown a dominate long term
cycle tends to win out against any short term technical indicators(ie bearish candles etc)....
u may be right in saying momentum is waining but we are niether tanking either YET...
my point was we seemed to be at a discount with regards to
a 'cycle' high in comparison to other index's unles we have peaked early...
A
hi treggs...the 'cycle indicator is purely a guide and isnot...
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |