The plan has not changed much, we had a retreat from 1925 to 1850, thus missing a good 30 points from the target, the bounce now is stronger than I expected, and could be the leg starting mid October (which was in the original plan) leading to a year end rally into January to a new recovery high on the Naz. The details may vary, one fork has a minor local high next week, but no conviction one way or another till early November. Jim has a high on 10/19 and then a sharp decline into November before the rally resume, he may be right and if the 10/19 peak is associated with excess optimism, then I may join his map.
The decline today was sufficient to bring most RSI's back into neutral, EPC is quite bullish still. I do not see too much bullishness around. Mind you, we have a minor gap to 1942 to fill, that may happen early tomorrow. Asian markets are not particularly under pressure, so we may find that this retrench ends before noon tomorrow.
