No money is lost but a significant insight into market forces is afforded you. It seems tedious but most technical computer software has a variable cycle length indicator which you can roll along the chart which facilitates this sort of study. The daily Bond chart is shown which suggests that the Oct. 93 top may well be the peak of something major and we've entered a prolonged period of significant reversal. Par offers major support so an upward retracement from present levels is to be expected. You can play with the possibilities and correlate possibilities with Elliott Wave expectations.
Cycles are imprecise.
The interacting forces of numerous cycles causes attenuation or exaggeration of any given cycle under study. It also gives rise to the clustering or nesting of peaks and tops, a phenomenon described and explained by J. M. Hurst back in the seventies. These phenomena of clustering and inversion accounted for the late and subsequent attenuated cyclical downturn anticipated for June 8. This supports the conjectured prospect that the spring low in Equities may well be the end of the correction of the Equity bull market. Benefit of this type of CCA analysis 1.