Stock market may have scary peak after Halloween and post-election slide down to New Year: Terry Laundry's T Theory(tm) update

The stock market is probably making a near-term crest top to roll down and test $SPX 1105, at least by comparing Terry Laundry's T Theory™ projections with the update of Andre Gratian that I posted earlier ... Plus there's a gap at 1105 that might like to be filled.... But then go into another rally into the second week of November (maybe getting to Andre's 1156 or 1168, unless it tags that already this week) .... Again, I'm just trying to put it all together. You've gotta include Terry Laundry's updates if you're serious about swing trading and/or position trading with technical analysis. Including his Sunday update at his T Theory™ Observations: Terry Laundry's Weekly T Theory™ Observations for September 26 2010 at his main website page, http://www.ttheory.com. And also Terry's Wednesday morning updates, like today's at his T Theory™ Foundation: T Theory™ Daily Updates, Forecasts, Charts and Data webpage at http://www.ttheoryfoundation.org/t-theory-calculations.html. I don't want to give away his great work (and besides, you'll want to know what he's seeing for gold and bonds too). But Terry has put out great updates on Sunday and this morning!

Among his thoughts are a projected top in the second week of November (wonder if that happens to coincide with another Bradley turn date?!), followed by a drop into the end of the year. I was gonna joke about "The Nightmare before Christmas" but it could be a sweet rally into Halloween and early November ... followed by a nightmarish slide right into or through the winter holidays! If it really puts the cap on Terry's big T #13 and ushers in the second phase of bear market, it would even fit the Benner-Fibonacci market cycle that I've described several times in the past year (which targets 2010 as a major high followed by a major low much later).

So let's consider Terry's projections as contributing to the projections we piece together by referencing such talented technicians. They may not always agree with one another, but they tend to converge at important times. Let's navigate the markets accordingly!