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CyclePoint™
- A Free Service for Traders
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Wednesday 31/10/2007 HANG SENG - A cycle high is due. If the HANG SENG High at 31948 is not taken out then a break below the LOW at 31380 will confirm a CyclePoint high is in place. |
As you can see the Hang Seng was in an extraordinary rally and CyclePoint™ was expecting a cycle top. The instruction above issued a clear note, telling you that a break below 31380 would confirm a CyclePoint™ swing high was in place.
The Hang Seng broke 31380 to confirm the CyclePoint™ swing high. Consequently a red diamond marker was placed above the high to signify the CyclePoint™.
The Hang Seng continued to fall just as CyclePoint™ predicted! Now although not perfect (but then nothing is in trading) CyclePoint™ does present a powerful timing aid, one that a disciplined and consistent trader can exploit. All you will need to do is to regularly visit your favourite market/s to see when CyclePoint™ is expecting the next cycle.