What is it they say, "Bottoms are events, tops are processes"?
I think I heard that before some where.
TRIN has remained too high on rallies and there was a jump in bearishness at tickersense.
Sentimentrader has not bee all the excessive, so it's difficult to go down with so many on board.
And IF it is an important top, the institutions need time to quietly sell.
We could see a broad top here as a few of the past ones have been.
And could go a bit higher here, but the powers that be will have to make me sweat before I'll give it up.
http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=0&mn=6&dy=0&i=p77199334841&a=31062200&are=722.png
Weeks ago I noted that I would be watching Oct 26th.
You can see why below, depending on where you draw the T centerpost.
We are also nearing nine 17 day cycle periods. (If I counted correctly.)
It may not be anything.
It also coincides with Bradley, the 22nd-23rd, Thursday-Friday.
And Monday is also the 1st Quarter moon, sometimes a top.
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=0&mn=8&dy=0&i=p74299132728&a=30820282&are=1414.png
Edited by Rogerdodger, 21 October 2009 - 11:22 AM.
