Clarity - Time for a move

And since today was a day that ended in a "Y", that meant the stock market was down. Yep, pretty much a daily occurance now. Well the charts cleared up quite a bit with today's action. So here's the schedule.

A chance for a small move up. S&P is at 850 right now. It could approach 900 and then watch out. Seriously... the fall down to 700-750 is going to be swift. It will bottom next week before Thanksgiving. My guess is Tuesday.

That will mean a 20% drop in a week. When the bottom is found (somewhere around 720) we will see a very respectable move up over the next couple of months. But the overall downturn is not over. It'll just be on hold. Watch out for March timeframe. As that approaches I'll have a better idea of what's coming, but I do know that a low of around 400 is coming.