Feb 26-27, 2013 Confluence for Stocks

There is a major time square from the 9/03/1929 top that projects to 2/26/13. Other projections from the 1929 top have marked important highs and lows, including 8/25/1987 top and 8/25/2010 low.

The current rising wedge pattern in the S&P 500 looks very similar to the wedge that lead to the top in 2000. Other timing annotated on the charts posted below includes the 353 trading-day leg down from 2007 top to 2009 low. If the rally from 10/04/11 matches this 353 trading day run, it would peak on 2/27/13.

Also worthy of note is the 65 to 67 trading runs for the last legs up into the 1929 and 1987 tops. A similar run from the 11/16/2012 low takes us to 2/26/13 (at 67 tds).

It's still too early to assume that 2/26/13 area would be a top. If we trend down into that date I would expect a low followed by another rally. I would keep in mind that we are getting close to the 13 year anniversary of the 3/24/2000 top and that the market may have some kind of CIT on or near that date.

Kim Rice 2/10/13