vimal -- I don't think so.  The cycles are good.  I have them on many charts -- different tick charts, contract charts, candle or bar charts, and they catch turning points fairly often and, more than that, they denote levels where price congests and struggles, and if price pushes through the cycle level then it often keeps going, or if it pushes through and then comes back up, then that new direction will be sustained.    Anyway -- I know what you're thinking, but its not like curve fitting a system, its an indicator and sometimes it works better in one time-frame than another.  Also like matt said, you can't use it alone -- but if you hit a cycle level with divergence on indicators, or a good fib level, you've got a high probability trade.  Just my thoughts about it.