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 long term example using a weekly chart. This is a weekly chart for Exxon Mobil symbol, XOM. On this chart I have applied the MarketWarrior indicator “Mirror Cycle”. The Mirror Cycle starting point must be manually set. On the chart below the word “Start” marks where I have manually set the starting point. To make a forecast the Mirror Cycle should align with several pivots before a forecast is made. On the chart below the Mirror Cycle and the market correlated at pivots 1, 2, 3, 4 and 5. The pivot 6 is currently in the process of forming. The forecast for this weekly XOM chart is for the market to complete a bottom at pivot 6 and then move up to a top at point 7. The pivot 7 will be a top in November.
Mirror Cycle XOM
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