My system broke down and then bottomed at -600 on August 30th. We have been going up ever since in my system and hit +300 today. Looking at my last post, we are still stuck in the 1604-1709 range but I am retracting that we would definitely see a break above 1709 before the taper begins on Sept. 18th. If it is going to happen then it should be by the end of the month. We have seen a new high in the Nasdaq but this is possibly a worrisome divergence for the bulls as the same thing occurred in 2007 when the S&P 500 topped several weeks before the Nasdaq. A break of 1627 is now quite bearish and I would not let that level break without having some short exposure. A new high above 1709 should be the cyclical bull market top and then we should enter a difficult 12 months for the market.