Precious times

These are important and educational days that you can learn about how tops are built. Yesterday the market was up on flat VIX. Put/Call ratios have been indicating that Joe is more confident about the bull market than he was at SPX 1570... but in fact today SPX closed right about where the first leg of the crash ended: 840

Remember those sweet days... xTrends had been short from various points around 1200. When the market crashed and finally hit sub 900 in the morning, I became a bull and kept promising about a rally to SPX 1070 which didnt started until 3:30PM NY time. In the last 30 mins, SPX rallied about 100 points and pulled back little to close right below 900 to open with a gigantic gap up on Monday. We got my target that day and the next down leg started.

Why I remind this? Because I am a technical trader who believes that the market is controlled by its own demand-supply balance rather than news. xTrends is just a tool to measure it. Trends are constructed by fundamental facts that create demand supply equation.
I will post a few important charts this weekend. These charts along with a few conditional indicators give me this confidence that the demand supply balance will significantly change soon around 840.

Edit:
Please remember this video. I will post it before September 2009 again.