Did my forecasted CIT (time cycle) date of 10-15 stop the markets, at their feet and started their reversal?
Well, I've been looking for stronger correction and or crash since October 1st week. I always say that more delay is created or manipulated into the reversal (at the time cycle date), stronger shall be reversal at later date. Now question is, if the correction started on the CIT date, then the time cycle date was valid and cycle is already manifesting its power. Once Nasdaq100 and QQQQ surpassed the level of April highs, then only other indices were a shot away from the April high, i.e. DJI was only 60 points away.
I also forewarned not to stick with one plan, and to be prepared.... I pointed out that lower highs are very common in "double tops". One of the biggest mistakes, a trader can do is stick with one outlook and be rigid about it. Other market indices did not have exact double top and did not touch the highs of April, .... big deal, right! Now if you were stuck with that similar attitude and thought process, then you probably have missed great trades and gave away fortunes (including yours truly). However, if you know what is the most probable case scenario, then preparedness, can deliver huge fortunes as well. What has been the most probable case scenario, if you browse through my forecast, then you would have known and were prepared. Markets were at borrowed time, as I had stated couple of times within last week or so.
Reversal date of 10-15 had an influnce across the board and across the world (except Nasdaq100 due to GOOG and AAPL and delayed the time cycle for 1 day). CLICK ON THE CHARTS TO ENLARGE
