If the fins turn down then Goldman will have to add another sparc cluster to stave off the selling. All other preconditions look to be met, but the Q's is usually last. But we must await the fins to see.
[Update 3 12:20pm / When you see XLF and XRT (and the IYR not far behind) at the top of your sector watch list (like now) that's a big L-O-L . In the past that's been t-minus a *few days till rollover (from my observations, not quantitative. There is someone out there, presumably at Goldman Sachs, who's name is UltraSparc III and can scan 14-stories of EMC storage arrays of RealTick data in one nanosecond telling you the exact return since Mary gave birth to baby Jesus). However, earnings season makes it difficult to just expect that's going to be the case here.]
A stochastic isn't much different than the above oscillator but uses 2 variable data inputs (SLP,Nax [or whatever correlation]) + AdvIssues&DecIssues + Soy Sauce). Most indicators are all derivations of some sort. Just a mathematical expression of what little information we have to go on. Only Goldman possesses the super secret indicators (and now Putin). Addendum (12:40pm): I should note the above indicator is one of those types that works until it doesn't. It would not have worked in the previous bull market and I expect it will not work when the next one starts, sometime in 2013++
Maybe even 930 in throw-back fashion, then everyone on CNBC will call it a reverse h&s bottom. Booyah, 1400 hear we come Lazlo! [Hmm, now that I think about it, 930 then back to 888 would look like a reverse h&s bottom that leads to a double top at 960. But then again I can stare at this thing long enough and see the marshmellow man sort of].
Waiting.... Team REITards could miraculously pump this to 32-33 (or Jupiter). Ditto for the possible reverse H&S double top.
