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The Nikkei 225 has a weekly scale top here. Expect a retracement period to last through Feb. All our tools including ExtremeHurst are available by subscription on either Bloomberg or TradeStation. http://www.pfr.com
SPY had an ExtremeHurst weekly top Extension on Oct 2nd that forecasts a retracement period lasting thru Feb. Couple that with todays daily Compression that predicts a new 2 week trend, and you have a high potential for that new trend to be down.
luckily the compeessions led to a 2wk trend upward
Parallax built a stock valuation algo in 1990 using traditional AI . Since then we've tracked the total market cap of the top 1000 US stocks using our model versus the actual cap. The degree of over valuation has now reached 1999 levels. (available in the Bloomberg app store)
GOOG has a weekly scale top that will be active through mid-December.

