04:42 ET, 11/12/2008, Unfortunately the PCratio is still heading higher and that is not a good sign, but again for the bulls the hope is that it is too far up and could turn down any day ( hopefully soon ) down.
Ok, today is a first day in about 15 that our forecast did not work pretty much the way market went. We had the lows around 11:00 ET as forecast , but the events after that, especially lows after 1:30, which was supposed last low today, was a hint that we are going to get our outline wrong for the end of the day. Another hint was that we did not get the Attraction Points when we needed for things like ES, BKX, USO etc. and we need to see those to consider bottom in place , being high probability. We are also a bit before our dates for actual low of November. So, we had many reasons to suspect this drop was not exhaustive. Well, Good Trading