S&P500 'posts' an Outside UP Day.....'good enough'?

S&P500 Daily Close @ 10/25/2012

Tom DeMark says there is '1' more high to had by the S&P500 before we suffer a serious correction (12%).
If THAT is so; then this sell-off should retrace 38% of the gains from the Secondary Lows @ 1309......right here @ 1411+/-.
Yesterday's 'Reversal' goes a long to suggesting as much, though not confirmed though by other 'brethren' indices in the $NYSE & $NDX100.
Overnight Futures 'action' is suggesting this prognosis is too 'early' & likely 'wrong'......but that can all change before the bell rings on the floor of the NYSE.

COPPER 'pauses' to reflect, TRANSPORTS seek no such 'solace'.....

COPPER Daily Chart @ Close 10/24/2012

DOW JONES TRANSPORTS @ Close 10/24/2012

Copper has breached the 'critical' Supports circa $3.56, but not on a closing basis.
The Transports have again sold off coincident with a further bout of selling in WTI ($85.65).
Which one shall prove to be the most pertinent, will probably be evident by week's end.
Support in the S&P500 @ 1395 (1407) has yet to be challenged, so perhaps a bit further 'south' before we witness some worthy sign of a low?

S&P500 'follow through' Friday (lower)...now a 'pause'?

S&P500 Daily Close @ 10/22/2012

Friday's sell-off confirmed Thursday's 'Outside Down' Day chart pattern.
Contrasting Monday's 'unchanged' close; regrettably on relatively Low Volume as against Friday's High Volume selling. Tuesday becomes interesting to say the least.
Crude continues to trade 'heavy'; all eyes on the final debate & foreign policy.

S&P500 puts in the "outside down day".....

S&P500 Daily Close @ 10/18/2012

Apple & the NDX100 may have given us the sign that we were looking for (THE WEEKLY 10/12/2012); now the S&P500 confirms it with a 'bearish engulfing' day.
Now or never for the correction to kick into high- gear and find out where the supports are?
Nasdaq McClellan Oscillator < Zero & the Summation Index 'closing' in fast @ the Zero Line (heading 'due South'); INTC, MSFT, IBM & GOOGLE now leading with Apple.

'By the #'s': the NDX100 is next on the checklist -

NDX100 Daily Close @ 10/17/2012

Back to the 50day SMA; matching Apple's 'need' to tidy up before the "true intents" of this correction are fully revealed.
Follow through lower now key.

"One birdie" @ a time...............

AAPL Daily Close @ 10/17/2012

The GAP @ $650 has been filled nicely, follow through lower now the sign that matters may get interesting for the 'tactical' shorts among us.

AAPL lower....now higher into $650?

Apple (AAPL): Daily Chart Close @ 10/12/2012

Apple (AAPL) has led the market lower, Friday's Chart Pattern (holding Wednesday's low) does lend itself to a 'Gap' fill back @ $650 before the true intents are known for the 'i' stock & the market in general.

AAPL: Apple leads the way..............lower?

Apple/ S&P500: Daily Chart @ Close 10/05/2012

Apple was the 'lead pony' when the earlier 2012 'sell-off' came into play. A repeat performance for markets into year end?
Note the similarity in the technical studies, especially the MACD threatening a move through Zero?

ASX200: "now or never"?

ASX200 Weekly Chart @ as Close 10/03/12

Just as the debate over the 'debt laden' Aussie 'miracle' finally gets some air-time (http://www.abc.net.au/7.30/)
perhaps a deep breath or so is needed before the unthinkable happens and THIS rally overcomes 4450...putting all the doomsayers to shame!