SPI index has been giving some good turn signals lately. I mentioned one previously. This is on the daily.
The chart has suggested turns on
23rd Oct
4th, 16th, 23rd Nov
14th Dec
Which has been pretty close and has described the sideways scenario while the index tests the 5 year base. I would have done far better going with the time signals than looking at price targets as well.
From here it's suggesting a grind up to 1st Jan or 11th Jan which could be high's or secondary high's. This fit's with the xmass rally everyone is looking for. After that it might get a bit messy but it'll probably go on to tag the October top. If I'm wrong the dates may invert and give lows but I'm looking for high's from here.
The Big Boys, page-429
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