The Jed Clampett Crude Oil Cycle
Jed Clampett had the stuff coming out of his ears in the hit TV show 'The Beverly Hillbillies', I wonder if he knew the magic of profits from dominant Hurst cycles theories. We use the DBO ETF for crude oil cycle studies, have a look.
I think readers should adopt a new rule of trend analysis:
Trade the trend, amended to..
Trade the trend till it bends, amended to..
Trade the dominant cycle.
Without further ado here it is:
DBO Cycle is 222 periods, 325 is not bad, the light purple line is the combined cycle (which looks very sync with price as well). Only two inversions, that means accuracy is over 85%, not bad!