thusting thursday

At the beginning of each year, McLaren does a roadmap for the year.

For some reason he hasn't referred to it as he seems to have changed his mind.

That roadmap called for an important high this year followed by a pullback that would break beneath the prior peak, which is what has happenned for most markets.

That was to be followed by a new high that was only marginally higher than the previous.

IF we do go to new highs then anyone getting bullish at the breakout is likely to be hurt soon after.

Targets of SP1600 and Dow 14400 or even 15,000 might be it.

Sure as farsight mention we could do an equal measure here to 7000+ but that isn't that roadmap.

Perhaps we get another and final 90 day run to Nov 4th. That would fit with terry Laundry and some others.

If so then my Nov 8th crash date may come into play.

Obviously if this market continues its decline until that time it will not be a crash date, perhaps a bottom.

Apart from the 3 main cycles which will be pointing down, another that has never failed since '87 has Oct/Nov as a certain significant bottom, sometimes brief and sometimes extended into but large in size.