Subject: Re: Jim, thank you ...
... for posting on Sep29 your precious major bottom indicator which was so incredibly spot on, calling the very lowest day!
I second that. I'm surprised how little attention that got given the epistemology:
1. He only made made one call (in the context of prominence / conviction). In other words, we are not data-mining too much over many other random suggestions.
2. The date selected was within one day from the actual very lowest quote.
3. Three months have passed, and the published date remained the market bottom each day of those 3 months.
Jim will be the first to highlight that the lowest quote can be revisited, and far deeper lows might be found (let's say, in the medium term, though unlikely very extreme-short-term nor in the long-term), but the point was after all to find a major bottom, not the lowest value in all future history.
So I congratulation mungofitch furthermore.
- Manlobbi