Is really what Surf City Cycles is all about.
Do you remember this post on Gold in late December? Did you have the courage to pull the trigger?
Lets take a look at another example today with Cocoa (NIB) which is very likely bouncing out of a 6 month Intermediate Cycle Low (ICL). The Blue arrows, at 6 month intervals show my Intermediate Cycle Lows on the chart.
This is not a trade I took for my service as NIB trades, on average, only 57K shares a day. Simply not enough liquidity but I pointed it out for members who might trade futures. In any case, the chart illustrates how I spot what are likely major cycle lows (i.e. 5-6 month Intermediate Cycle Lows).
Take a look at my chart on NIB. Talk about trying to catch a falling knife…
Why would anyone buy this piece of sh%@t here. Time, Volume and Price action, that is why. 😉
Again, Cocoa is very much in a nasty Bear Market (i.e. clearly Stage 4 Bear in Weinstein’s book) so it is risky and the volume on NIB is not sufficient for any service. That said, bounces out of major Intermediate Lows, even in a bear market, can often move higher for a month or two.