i decided to start another topic... so that jim and i can just say what our work shows us without it seeming that we are commenting on each others work......i spent today doing what i always do when i think we are at an important juncture..looking at hundreds of stocks based on the tools on the daily and 60 minute charts... on the daily charts there are clear larger downside targets... as there are in the RTH chart....... BUT!!!and this is a surprise to even me..... i have hundreds of stocks that have either already hit or just need one more down move to hit their targets on the 60 minute charts.... similar to the close at hand 60 min RTH....THIS IS WHAT HAS BEEN IN PLACE AT ALL PREVIOUS TURNS.....

i puzzled months ago why, if oil was going to the moon, were so many willing to take the other side... now we know.. and now , just as stocks are hitting key level, so is oil...

Here is roofer's SPX chart with the fib confluence shown.
I used a box instead of a circle.




Now here is the same chart "zoomed" to show detail.
Friday gave us a bounce into the 1215 area. I drew a Fib retrace
using Friday's high and low. I show that the 127 and 146 will go into the box. Of course, price may go higher than 1215 before it makes a lower low and throw off the Fib lines. And may never make a lower low.

i have no expectations... i will do what i always try to do.... trade the predefined setups at the lines.... i hope it was clear as day to all that it was time to take the nice profit... strictly based on the tools

HUNDREDS!!!! OF STOCKS NEED ANOTHER DOLLAR OR TWO TO HIT TARGETS!!!!!

you can not say the computers did not warn you....

the list of stocks that have hit downside targets is rapidly growing...

i now have a pluralty of stocks having hit targets... looking for 90%

before the rally... i had65% of my scanned stocks at downside targets..... the final downpush late in day took it to 90%... a number of dow stocks have another point... so a down open of about 240 would bring them home....it interests me that such a move would also bring the snp to jim's first leg down not in october as drawn, but here and now....again i am absolutely dumbfounded at the clarity of hitting down side targets across hundreds of stocks.....

i have posted a series of charts in the public kane area...