DJI - October 19 was a perfect hit!

(Click at the pictures to enlarge)

CONGRATULATIONS TO VIRGINIA JIM FOR POINT OUT OCTOBER 19 AS A TOP!

We can now conclude that October 19 was a perfect hit, so can we point out the next important dates from the Spiral Calendar - Yes, of cause we can and they are November 13 as a bottom, then a lower top on November 24 and finally a panik crash on December 10.

As Virginia Jim said in his article, he might expect that because we are so late in the cycle that the crash might come early, and that is absolutly a possibility. But lets stay with the facts July 14 was a perfect hit at the bottom, Octrober 19 was a perfect hit as a top, so we will let time show.

The DJI has broken its support-line on a log-scale, but it has not yet broken on a linear scale, which will make most investores see this like a perfect buying opportunity (I feel sorry for them)

S&P 500 has broken down on both a log and linear scale leading the way down for the major indicies.

The two leading sectores are Banks and Building Material both has clearly broken down. I think it's quite funny that Goldman Sachs after its second best quater ever almost topped on that exact day it was announced and are headed towards 157 as first target with 137 area as the next.