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Hi,
With all due respect for more experienced traders than I am, indicators
based on cycles DO NOT LAG THE MARKET. They do not lead the market either,
but their behaviour can be indicative of the future market's action.
Some of the markets have a strong cyclical behaviour. If one sets the
length of the momentum to half of the wave lenght of the market he would
get an indicator which does not lag the market.
Only issue is that this waves are somewhat crumpled and look more like
potatoes than like sinusoide. But trading is not a science ...
Otherwise, I completelly agree that the ultimate indicator is the price
itself (it never lags).
Regards
Dejan
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