You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
ASX200 Index – nearing a 20 day cycle peak, but 20 week cycle trough looms to the downside.
The underlying trend is still up with the 40 week cycle which bottomed early August being just 17 weeks along. We would not expect a peak of this long cycle to come any time soon barring some sort of catastrophic fundamental interaction.
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