Written By: Jeff Greenblatt–Here we are in the middle of the dog days of summer as we wait on yet another year of important time windows. It seems like we have them every year. Last year the September/October window was 262 weeks off the 2007 top at the same time it was 10 years off the Internet bear market bottom on Oct. 9-10, 2002 and Oct. 12, 2007. The Dow topped within a week of the anniversary and we ended up with a correction into the middle of November.
The net conclusion should not have been the time windows didn’t work; rather something much larger was developing to invalidate those time windows. We’ve been vindicated because the time windows did hit on schedule and according to our Gann/Fibonacci methodology markets are a lot higher as a result of taking out those time windows. This year is another story.