Donald, I always enjoy your analysis.
Further, I admire your effort.
But, as I finish my homework for the evening, I'm amazed at the power of the close today. With the strength of this move, I would have expected a sell-off near the close; yet, the OEX, BKX, DRG, PSE, SOX, PNX, and even the lowly XAU closed at or near their highs. I'm just not convinced that the panic buying will come to an end in the short term.
I agree with you that the top is near, but I will go out on the limb (saw in hand) and predict it comes on or about 12/8. How far from here to there is anybody's guess.
Berney
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