I will begin to use TV for some of my daily analysis... but looks like we got this one tuned in. we 4 indicators completed just 12 to go... hang in there folks... Bob Kendall
unemployment numbers were released earlier today they missed substantially from estimates of 978,000 jobs came in at 266,000 the big number here which surprised me is that manufacturing jobs dropped by 18,000 so that traction that we’ve seen over the past several months is one away completely. Let me address why I think the markets are doing better today. I...
It looks like we are approaching a bottom. The next two hours will be critical. An hourly close above .61 will confirm a low and signal a retest of the Highs. Critical support @.52. Good luck!
I will be covering this in my next post but here is the long-term wave count going back to the 1929 lows. We are nowhere near a top watch for a future post for details. Bob Kendall