We did hit the high Tuesday and perhaps you nibbled short there.
I'm on watch for an aggressive sell at 1112 spx for Friday. I don't think it will happen since other work suggest we are closer to a low. Let the market speak.
Since 9-17 we have followed the market up with sell numbers of course not realistic till today.
(test 1079,1084,1083,1092,1102,1112)
Since 1112 is only good for Friday,I suspect we rally some and close on a new sell number higher than 1112.
We want to see what comes first.
I'm on vacation but will try to do a last hr run of data.
J
Remember this is a trending model it will not pick exact tops or bottoms.
LOY projected to be 11-16-10 +/- 2 TD price unknown.
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