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.

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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)

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GOOG has a weekly scale top that will be active through mid-December.

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Amazing to see that gold has a semi-annual scale (6 mo. bars) top and silver just got a quarterly scale top. These are both extremely rare signals that will be active for years.

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