Re: [RT] cycle question

["Ira" <mr.ira@xxxxxxxxxxxxx>]

Cycles are always measured from low to low.  A low is defined as any bar that is lower than the previous bar and lower than the following bar.  Measurements from high to high are affected by translation.  Translation occurs when price changes direction.  If you check your charts you will see that when price is rising the high occurs during the last half of the cycle and when prices are falling the high of the cycle occurs during the first half of the cycle. 

 

I have attached a cycle chart with the bars deleted.  If you take a straight edge and use it as a Y axis and slide it across the page you will see that various length cycles are creating different pressure.  It is the resolution of these various cycles that creates the final pressure being applied by time to a chart.  This is one of the reasons that cycles will expand and contract.  You get the greatest push when several cycles work in consort with one another.  Right now you have a series of cycles all applying downside pressure.  The reason for the major drops this past week.  The up moves occur when the shorter cycles turn up, but are unable to overcome the downward force of the longer cycles. 

 

Just one man's interpretation of cycles.  In the early 1970s Hurst wrote an excellent book on cycles.

Ira
www.delta100.com

----- Original Message -----

From: c.l

To: realtraders@xxxxxxxxxxxxxxx

Sent: Friday, June 20, 2008 7:40 AM

Subject: [RT] cycle question

hi all,

 

inspired by ira's work i have played a lot with cycles but i struggle at one point again and again.

 

the red cycle worked and it worked from low to low.

but the last cycle ended at a top.

 

so the question is. can a new cycle start at a top? and therefore the red cycle will continue on this chart?

or should i adjust the cycle to the last low? (seven bars to the left) the yellow cylce would be the new adjusted cycle.

 

i know it's there are no fixed rules for cycles but where should i draw the cycle start on this chart?

 

any tips or hints

carsten

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