This Week

Ive complained about charts edge, but I think he may be close to this weeks action.

I was anticipating a 90 bar hit at the close Friday, but it didnt happen, thus we would then look to Monday's open, but that doesnt look like it will have any effect, but its only Sunday at 7pm as i write this.

ive also taken a look into Spt and October and heres what it looks like.
I dont do this based on maybe's an if's. there are a number of market analyses applied to my forecast.

the RANGE next week could open up to a 500 point swing an any given 2 days.
upper range fibo = 13,250
lower range 12,750
that action should carry us to the end of the month- Aug 27th is a Bradley TURN date, and its looking like a high within an intermedaite correction phase.

the intraday low spike to 12,500, an exact 10% move, and the first one in almost 5 years.
according to Erik Hadik, that move portends a 20% correction into Mid october.

Once Spt opens, we should see a dramatic continuation of the downtrend to the 19th, and or 20th in options week, same as in August. 2/3 rds of the 20% Decline = dow at 12,000
After a brief rally to the full moon on the 26th,
The Actual low should occur on oct 9th to 11th.
And 20 % would take the dow to 11,200

Hope this clears up a few things and gives us some perspective
best wishes to all
Jay