Cycles do exists in the market, and it PAYS to know about them!
Here we see the 287 Daily Gold cycle has been working well for some time.
Gold is still working through the demand and supply battle of this apex.
"While I have made it a practice to limit my risk in most cases, I can trace most of my principal losses to my failure to place stop orders when the trades were made." ~ Richard D Wyckoff
"One must search through a maze of complex and contradictory details to get to the significant facts ... Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts." The challenge for the successful speculator is "how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts." Moreover, "if you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right." ~ Bernard Baruch
"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs." ~ George Soros
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." ~ Bernard Baruch
"In the short run, the market is a voting machine, but in the long run it is a weighing machine." ~ Benjamin Graham