Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

Summary

This has been an overview presentation of how cycles interact to define markets, and there is much that has not been covered here. In the real world of trading, the size (price moves) and the frequency (cycle lengths) can vary from cycle to cycle in the same market. Cycles are a tool to be used to help forecast likely turning points in the market and never to try to define the market specifically. The market must be allowed to tell you what it wants to do. Any other strategy is a losing proposition.