Terry Laundry issues stock market warning from his T Theory Observations

Ooops - did the market top out at about 2:15 pm (14:15) Eastern Time today?! I've expressed my concerns in my prior posts here, including the one earlier this evening about divergence in the dollar and SPX charts (also my SPX chart in that prior post shows the second rally leg is reaching time equality with the first one) ... Now - thanks so much to an alert reader who left a comment on this: Check out Terry Laundry's warning of a major stock market top any hour now- based on his fascinating T Theory work. You can find this at his http://www.ttheory.com/ site. Any technical analyst must respect his detailed work involving volume oscillators and other technical indicators. I'll just provide a quote below so you can get a sense of his warning, but check his site so you can click the links to see his charts and listen to his audio:

Update for Sunday October 11 2009 Lots to talk about today in the two charts below and the extended commentary which confirms top projection Oct 12 to Oct 14 as per last weeks notes. Then we move on to explaining T Theory in term of "echos" to better explain the longer term outlook into August 2010.

Daily Chart Download SRT20091009

15 Minute S&P Chart Download SPX15min091009

Forecast Audio Commentary Download TTO20091011A

Historical Audio Commentary Download TTO20091011B

T Theory Echo Concepts Download TTO20091011C (in the later part of this audio I mis-spoke the B bottom when I meant the C bottom relative to late October and post September 2007)

Oct 9th Morning Note: Jim reports:

From your PDF file, using 15 minute real time data, it looks like "A"
occurred on 3/19/09 @ 9:30 AM (S&P 803.24) and "B" occurred on 6/23/09 at
11:00 AM (S&P 888.86). This represents a 68 day, 2 hr time lapse from "A" to
"B".
The subsequent July low "C" (S&P 870.05) occurred on 7/8/09 @ 12:15.
Therefore, the October high "D" looks like it may occur on 10/12/09 @ 14:15.

Looks good to me...Terry

Oct 8 note: I am changing my outlook back to the original forecast of an important peak and selling point on Oct 12 13 14 as below. The performance on Thursday was negative in my view as we are losing momentum and the volume oscillator is probably topping at the zero line. Details on next Sunday's regular Update.