I did do a chart at one time without 1987, but don't have it now.
I take your word about a Nov top without it.
However with Laundry calling for a mid Oct top at the latest and Ferrera Oct 7, it seems less likely, although we did top on 1/11/07 while US was 11/10/07.
I know you, like I, let the market dictate, and obviously the action needs to look "right", leading into time.
The XJO 4600 on a close basis was a significant break up and is now significant support I feel.
It all feels very neg and it needs to hold here.
There is some talk about Oct 16 on the XJO thread and I see Merriman too is talking Oct 15/16. It may be significant with Laundry talking top and Carolan's model a potential mini crash low at that time.
My models say now is the time to buy as RSI (14 and 5) are close to breakdown, DMI the same etc etc, but that is where stops are. Yep, buy as close to a breakdown as possible and your reversal is a small loss and vice versa.
I don't mean I have any upside confidence, just the best way to trade.
I looked at quite a few stocks today and very interesting on a monthly BB basis. Many are at upper band or mid average. It suggests those at upper band are now restricted to steady up moves at best, not soaring.
SPX has held below monthly BB mid line for what its worth.
