Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.
Here is a discussion of forecasting with the MarketWarrior indicator “Mirror Cycle”. When you apply this indicator to a chart you must manually select a starting point for the indicator. On the chart below the red line is the Mirror Cycle. The word “Start” marks the starting point for the Mirror Cycle. The key to forecasting with the Mirror Cycle is that the cycle must correlate with several market turning points before it is used to make a forecast. The chart below is a daily chart for Apple symbol AAPL. On this chart the Mirror Cycle correlates with the market turning points labeled 1, 2, 3 and 4. Now the indicator is ready to make a forecast. The turning points labeled 5 and 6 are forecast market turning points. I expect Apple to move up to pivot 5 and then fall down to pivot 6. The stock prices will not be the exact prices of the Mirror Cycle but the timing of the cycle turning points should be close.
Mirror Cycle Forecast
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