yep, it will take at least 2 weeks to ferment out. then raise the temp to the mid sixties for 2-3 days for a diacetyl rest, then rack to secondary. lower the temp 2-5 degrees a day until you reach 30-32 degrees. allow it to lager for a minimum of 4 weeks. an octoberfest may not need to lager as long as a bock or doppelbock. but, the longer the better, but no longer than, say six months.
i've read where some rack to secondary when it's about 80-90% attenuated, then once fermented out, then do the diacetyl rest at mid-60's, then rack again for lagering. just don't drop the temp from 60 to 32 too fast. a gradual drop is better for the flavor of the brew.