RE: Target hit--1158Well my bullish patterns do look like they are confirmed. The market did take longer to consolidate than I had expected so that delays the crash timing a little. My theory suggests that financials should go parabolic up right here. Don't forget though my model also shows the market and financials crashing soon after the top is in. There is upside to the mkt here imo short term, but the downside is much greater. The big picture is really ugly.
I don't see any possibility for a new bull mkt or anything like that. I expect the mkt should top and start to crash before the end of the month. Will fine tune that later once I see more data. There are certain patterns I am looking for to signal the end is near.
I see the media is quoting how the mkt had it's best Sept since 1939. Also, in Sept 1939, Germany attacked Poland which set off World War II. The moral of the story is that it is always the unexpected things that are the most dangerous. For example, the actions of the Fed have unexpected and unforseen consequences. Keep all of this in mind when the media starts talking about "new bull mkts" etc....
SC