Time-wise, the stock market has rallied right into the late Nov projection with the Dow missing by 6 points a perfect expression of fibonacci on the top tick reading of 16174 (so far). 16180 to 16200 would be a quite fascinating place to put in a major top from a fibonacci/numerology perspective.
The NQ has moved more than enough to invalidate the 10 projection price confluence in the 3400 area. However, timing points on the NDX are somewhat different than the SPX and DJIA. There is a pretty impressive time confluence in NQ on 12/11 to 12/12/2013 (+/- a td or two) as shown on the chart below. I'm starting to think a peak in NQ in that timing window is likely. In the S&P and DOW, 12/11or12 area may be a retest or lower high, though they also could go to new highs because anything can and will happen in the markets.
After 12/12/13 my cycle work suggests hard down to late Dec or first few trading days of Jan. "IF" we get a low around 1/2/14 (+/- a few trading days), we may get another rally into around 3/26/14 for a last hurrah in NQ before all longer term cycles roll over. The timing for the last hurrah peak (should it occur) in SPX and DJIA is earlier Mar 2014, and I think it's 50/50 on whether these indicies make new highs or lower highs in Mar.
Keep in mind, time and price projections have not worked well in the era of perpetual QE, so DYODD.
Kim Rice 12/8/13
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