Is the top finally in?

In April 2010, I said $121.10 was most likely the top of the 13-month rally on the SPY. We traded up a dollar more before it came crashing down.

Today, I'm saying $118.55 is the top of this 1-month rally. Assuming the market doesn't gap-up on Monday; the top is in.

3 more people approached me today talking about the amazing 1-month rally. DOW 11,000s is the hot topic on Main Street.

We had breakdowns on 9/23/2010 and 10/4/2010; 7-trading days from each other. We also have 7-trading days from 10/4/2010 to 10/13/2010

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