Q4 2011 outlook and beyond ?

There was a lot of discussions during august and september comparing current market behaviour to 2008 crash. So, i took a closer look at emini spx futures on both these times, and surprisingly, we have a very close correlation in market cycles.  Take a look at the charts presented below.  By comparison,  i deduce that ES will meet first resistance somewhere between 1256 (some of you may remember that i called market bottom in june 2011 at this number) and 1266.  I like to give 5 point margin of error and fine tune the numbers as they appoach, maybe intraday basis. So, this remains my first target for Q4 2011, with a possibility of a downtrend starting soon after. It is also quite likely that this target maybe reached around early december, given the count of days in 2008.

PS:  I did not add all my past email updates of last 2 months into this blog. If time permits, i will add them later, for  keeping all my thoughts together in one place.