But I’ve told you the Haines Bottom comes in on some excellent calculations, including the 21 year range and time square with the Dow and NDX we’ve discussed in this space endlessly. I won’t say the big bottom can’t be taken out but it will take the mother of all catastrophes to take it out. For now, I’m not looking beyond retests of the August low which by the way comes in on its own share of interesting calculations. FYI, I don’t have the same feelings of confidence about the August low that I do the absolute bottom.
By the way, on Saturday September 24 we’ll be back in Vegas talking about the EUR-USD. We’ll see how this one progresses but I have some good EUR-USD charts as well as some other goodies. Dan Collins, Sam Seiden and I will discuss the commodity/currency connection. I’m going to show you how to leverage one chart to get a leg up on the rest of the commodity complex. Besides, it will still be warm out there and you can have the NFL by the pool.
Click charts to enlarge
Jeff Greenblatt is the author of Breakthrough Strategies For Predicting Any Market, editor of the Fibonacci Forecaster, director of Lucas Wave International, LLC. and a private trader for the past eight years.
Lucas Wave International (https://www.lucaswaveinternational.com) provides forecasts of financial markets via the Fibonacci Forecaster and other reports. The company provides coaching/seminars to teach traders around the world about this cutting edge methodology.