Important Turn Date Approaching

There is still no direction apparent in this market as it continues sideways, however there may be an end of this sideways trend in sight. Not only will the volume and volatility pick up at the turn of the new year, there is also an important date on 12/31/09. I found this cycle after the previous date registered back in September. Although it did not mark a reversal, the market rally was definitely slowed down, only trading higher by less than 5%.These past 3 months of the cycle definitely look less impressive than the previous 6 that preceded during the market rally. With heavy resistance overhead perhaps the market may begin to turn south at the mark of the new year.