Nov 21, 2008 Bottom In?

I believe we just saw the bottom with the SPX down about 10-11 points after reversing the gap up earlier. This is exactly what I was looking for and is a very bullish sign based on the fractal of Oct 28, 2008. We should ideally see a top now around the end of the day Dec 1, 2008, all things being equal with an outside chance at early Dec 2, 2008. Could we top a little earlier? Sure.

Gold mining shares are exploding as gold and silver are exploding upward today. I am very bullish on this sector into just before XMAS. Backwardation and seasonal statistics are suggesting a huge explosion upward for the metals and this sector I have favored (and continue to favor) over the stock market since Oct 24. Overall, this sector looks ST bullish into Dec 2, 2008 and IT bullish into around Dec 22, 2008 and Jan 2, 2009, then IT bearish into mid February. LT cycles continue higher into at least 2010, and then 2012 after that.