Cycle Trading: "The Next Swing Low Could Be The Ticket"

Joerg commented today that the next swing low could be the ticket.
And I think that he is right.

The daily equity cycle peaked on day 21 which shifts the odds towards a right translated daily cycle formation.  A right translated daily cycle formation forms higher highs and higher lows, which is the definition of an uptrend.  So assuming a right translated daily cycle formation, then the next swing low presents the best buying opportunity for this intermediate cycle after the intermediate cycle low.  

But what happens if stocks print a lower low?
I pose this question based on what I see happening with the DOW.
 

Unlike the S & P, the DOW peaked on day 11, which sets up a left translated daily cycle formation.  And the DOW closed below the lower daily cycle band, which signals that the DOW is continuing its intermediate cycle decline.  

If that is the case that the DOW is continuing its intermediate cycle decline to print a lower low then, by definition, that will extend the intermediate cycle low out to the upcoming daily cycle low.  

So on the one hand if stocks form a higher low then the good news is that begins a pattern of higher highs and higher lows.  Or if stock do print a lower low the good news is that stocks would probably be printing the final DCL of an extended intermediate cycle low. 

So I believe Joerg is correct that the next swing low could be the ticket.