(Click on image above to enlarge it.)
Here's a two week chart of the EURUSD. One of the many strong features of the Genesis platform is its ability to allow us to create custom time periods such as a two week chart. Here at this high time frame we see that an NMC Cross Kiss Zero Hit had formed on 9/26/08, providing a great shorting opportunity as the EURUSD melted down in October.
Additionally, NMS (2nd sub-graph) had crossed below both of its Ocean moving averages and below zero, and created a "hook" as it returned to its Fast Ocean moving average as the Zero Hit was forming.
Also note that the BTX 2-Line (bottom sub-graph) had experienced an exchange of dominance with the bearish red line crossing above the bullish green line for the first time since April 2006. This combined evidence of a very bearish market climate (along with other bearish Ocean indicators, not shown) allowed us to expect a dramatic decline once the Zero Hit confirmed.
It's also worth mentioning that while the market was in its bullish phase throughout 2006 and 2007, there were several great buying opportunities pinpointed by the NMC Zero Hits from above (magenta arrows) in June and Sept. '06, and in August '07. Since these setups were coming from this high time frame 2 week chart, the large sustained up moves shown here should have been expected.
Now let's take a look at the EURUSD weekly chart to add further clarity:
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