Mon 10/1/2012. Daily Update.

I have little time to post today, but I can tell you that the System is long from 1455 this morning as forewarned with stop at 1437.94. I also warned that I didn't like the setup unless SPX closed another hour below 1431, but the System usually knows better than me. I also warned that a 50-80+pt move was coming within days and likely lasting about a week based on the recent history of my Turn Score and that a sideways-to-up move over a few days was the previous scenario for a rapid collapse. Well, we've gotten 3 sideways to up days from the 1430s to the 1450s (1-2%) and now the breakout should occur either way. Below 1431 could lead to the 1370s and above 1460 could lead to the 1490s+. Hopefully, the System will catch the next big trend. More later. Good luck.