On the Hurst front last week a 2.5 week projection to 4790 was given and we are close. There was also a 10 week projection to the 4850 area. No higher projections are possible for now, but certainly doesn't preclude higher prices.
For Terry T fans there is a very distinct T on both the NYSE McClellan oscillator and the volume oscillator. The NYSE McClellan oscillator has a top on October 14th and a 33 day decline to December 1st with a 33 day rally extending to January 19th, while the NYSE volume oscillator has a October 20th top and a 29 day decline to December 1st which predicts a high on January 12th. It could be a wild few weeks. Hard to believe we don't clear 5000 by then.