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> I've found Ehler's Cyber Cycle measurement to be very good for
> practical purposes as he starts off with the assumption that, yes
> there may be lots of cycles going on at any one time but there is
> only one dominant/tradeable cycle.and the indicator attempts to
> measure that.
Andy, I wouldn't count on this assumption. It is likely that the
dominant cycle itself may be composed of several major influences.
An objective observer would only need to take a look at any market's
trading range - is there no dominant cycle at play here, or could it
be that there are two or more influences, balancing & canceling each
other out?
Base assumptions about the markets can be dangerous stuff - it can
lead to a lifetime of pursuits based on little that resembles the
reality of the markets. One only needs to take a look at Gann "market
cycles". Fib, etc, to see this.
Ooopsey, now I've stirred the hornets' nest. :)
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Andy" <AndyDavidson@xxxx>
wrote:
> MG,
>
> Agree that Fourier is maybe alright if you're looking at the big
> picture.
> But the restrictions on stationarity mean that it's useless for
> short cycles on small data sets. I've used it to find a suitable
> periodicity for a Centered MA with fixed-width envelopes. Which is a
> tool that's only any use for 'eyeballing' the major cycles since you
> have to extrapolate it to the right hand edge.
>
> I've found Ehler's Cyber Cycle measurement to be very good for
> practical purposes as he starts off with the assumption that, yes
> there may be lots of cycles going on at any one time but there is
> only one dominant/tradeable cycle.and the indicator attempts to
> measure that.
>
>
> Andy
>
>
> _____
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