By doing the weekend research on the charts and my market timing model, I come to the conclusion that the intermediate bottom is very close. The market could act similar to the summer 2010. It could have a final retest of 1100, or go down 1100 by 7 points to 1090 area, then start a new bull move up to end of October, or even end of year. I feel it is very possible. Next week is the key. Need to see next week close in green. I am eager to see if my prediction will come true or not. I am not a short term bear any more.
I find out some people are also not so bearish about October.
Jeff Hirsch: October is a Bear Killer
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