[waveslider]

FWIW, though there is a lot of emotion in the market right now, there is a good case for calling this market a ranging one. For one, the major down move in August retraced the entire up leg that Mar-July achieved.
This is the kind of thing the system doesn't see - it is stupid, it just does the same thing over and over again. Still it makes money! That's because it is often doing the contrarian action. Contrarian actions make money, but it takes balls to be a contrarian - and you have to have a good strategy.