22 replies to this topic

[emdee]

Thanks for sharing your perspective Nav. I also feel that the bull market has much farther to go in terms of price and time. Mike

[kc135a]

After some anlsysis post friday market close, i must conclude that a major bottom is in with about 80% odds ! Have stops in place for the rest 20%.

http://nav-ta.blogsp...ttom-is-in.html

There are some good reasons to dispute my thinking per my own methods. But, FWIW, any takers for SPX cash 1500 next week and for fun how about a high the first week of October, not a low before a real drop begins into a mid-November bottom. Like the world, I am bullish after that bottom into at least mid April 2009 and more likely very early September 2009.

Just curious.

KC

[emdee]

Nav,

Thanks for the nice explanationand chart of the CCI "bottoming" hook on your blog. I notice that even during the -200 CCI head fakes in 2001 (bear market), the market was closing in on a bottom. Good stuff. Thanks for sharing it.

Mike, I wanted to thank you for your nice note. We appreciated it. We also wanted to thank you for your contribution to TT.

We hope and plan to continue to justify your support, and more.

Best,
Mark

Hi Mark,

The thanks are all mine as your efforts in making this forum possible are greatly appreciated. In my opinion, TT Fearless Forecasters is the best discussion forum on the web. The wealth of knowledge to be gained here is enormous. Too many great posters to list.

Take care,

Mike