There are cycles within the stock symbols data. Using the statistical Bartels formula you can judge the accuracy of the cycle to the time series data.
To learn more about cycles within readtheticker.com tool set review our Jim Hurst pages.
Lets review some very strong dominant cycles.
Dow Transports. The last few days has seen some sell downs, but not with transports index. Good relative strength and a good cycle. Keep an eye on airline stocks (on the back of Crude slumping again).
Yes, crude has an upswing coming, but not yet, a re test of the lows is likely. The extra yellow box below is readtheticker.com Bartels presentation. The little blue down triangles are the cycle periods selection for the sinewave.
Even Copper ETF sticking to the cycle.
The USD Dollar (UUP/DXY) has been very strong, strong enough to damage a very predictable cycle. Hence that is why it looks a little NOT real.
"Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does the damage to the pocket book and to the soul." ~ Jesse Livermore
"How many millionaires do you know who have become wealthy by investing in savings accounts?" ~ Robert G Allen