NDX100: Friday's Chart says lower still...to 2608

NDX100 Daily Close 11/02/2012

Friday's OUTSIDE DOWN DAY lends itself to a test of the 62% of the June/ September rally @ 2608.
Daily Price action shall be critical @ that level (or ahead of it) in determining if another run @ the highs is still in effect.........or not.

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.