Technical evidence points to pull back NOW

October, well know for market declines, seems ready to provide yet such another market event.

Decision Point has very good charts and graphs showing the TECHNICAL data related to a pull back. And he makes a very good argument for such right now.

The Bradley turn dates coming up are
Oct13,
Oct 17

Elliott wave shows the most recent high to be what is called an IRREGULAR top which occurs as a "B" wave. Whats that mean for those of you who dont know. "C" waves follow and they are usually very disastrous, especially the way this one provided a new high. It measn the next low soule be at or lower than the "A" wave which ocurred on Aug16th at dow 12,500

The timing seems to be from NOW till October 25th. NOW thats really quick in terms of market timing. So, it would mean a low of at least 12,500 by oct25th. since it cant all happen in one week, as it takes 3 waves to complete, then this week would have to be part of that decline, and it probably started Friday at 3pm.

SO, if 12,500 gets hit this week, then we could expect 11,700 to be the lower target on the 25th, but all that remains to be seen.

Im still looking for a sharp decline this week ending on Thursday around 11am where there is a 204 bar hit. From there, they should rebound to the 19th and OPTION EXPIRATION- thats a concept I still have to get my head wrapped around.

BTW, Our SUN and solar system is on track to be on the SAME PLANE as the Galactic CENTER of the MILKY way galaxy on DEc 11th, 2012- exactly where the Mayan calendar ENDS. Whats that mean you ask? NO one can really answer that Quesion, but maybe it will be the end of our warming trend???? for one thing. According to Nostrdamus, I think its the end of the world, but thats not supposed to be a problem till 2029 when that Asteroid is due to fly by, and then return to actually hit us in 2036, i think.

Fortunately, we are advanced enuf to possibly remove that threat. AND some people still complain about the reason we are exploring space. We didnt get this far just to get obliterated by a space rock.

So catch that falling knife on the rebound Thursday as it bounces off support, wherever that may be.
Best wishes
Jay