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Used in conjunction with the 1/2 cycles you can increase its utility. See
Hurst's book. Ira.
HBernst963@xxxxxxx wrote:
> A number of years ago (10 to be exact) I was very intrigued with cycle
> analysis and performed a study whereby I also found a dominant cycle of 78
> trading days in the stock market and also in the currency markets. For awhile
> I used it as a trading vehicle until the cycle began to disappear at certain
> times or shift periodicity to 4 weeks( one lunar cycle) early or late. I
> finally stopped looking at it altogether a couple of years ago but I'm glad
> to see Ron revive it. I will now put it back on my radar screen. It can be a
> very useful tool for predicting market turns.
>
> Howard Bernstein
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