Monday, 16 May 2016

Short Term Cycle Update - 16th May 2016

The short term cycle up phase just ended. It was a poor period compared to previous months.

I have decided that the +4 days shift that I mentioned months ago needs to be added permanently. The low came on 6th May and the end date of green =4 days is 19th May. I will add the extra 4 days and follow that instead.

Time cycles are not fixed and do move over time. This is most pronounced in short term cycles.

Fortunately for me I managed to get +62 points trading the FTSE with long positions during the green phase (after costs and dividends). I would have liked more but I feel this is a good result given the FTSE actually fell -49 points.