JRINTL, I have had a signal for a "Change of Direction Point" for October 14th, since last April. I suspect that this signal will be a high, not a low, although Zeev also has a "turn date" for October 14th and he is expecting a low. These long term signals I get are rare, and sometimes off by two or three days, but they are usually in the ballpark. In 2002 I had a signal (received in July 2002) for a high for December 5, 2002 and the actual market top occurred on December 2, 2002, so that signal was off by three trading days.
In my stock charting, one of the Moving Averages, that I use is a 27 Day Moving Average and I've noticed (over the years) that about the time the toughest number (in a series) is used in the 27 Day Moving Average, is frequently near a price low and about the time that the time the easiest number (in a series) is used, is about the time of a price high.
In the case of the SMH, the easiest number (on the 27 Day Moving Average) at 27.78 (intra-day low)will be used in ten trading days and ten more trading days comes up on October 14th. I wouldn't be surprised to see 33-34 on the SMH.
As for what a two week rally would do for the NDX, I'd guess maybe 1470, and it might even fill the gap (from July 2nd) at 1473.73.
There are some cycle lows due the last two weeks of November, so that might be a timeframe, to look for a low, but (at this time) I have no targets.
Jim
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