P_Michael
Short

How far will the Dow drop?

DJ:DJI   Dow Jones Industrial Average
80 1 2
Kommentar: Its the weekend after an very interesting week and Monday and Sunday early trading will be very interesting. The VIX moved for the first time in years and the Dow swung 1000's of points. The week closed with a lot of distribution, red on the volume bar. The Intermediate trend has pushed the average well above the primary trend of the market that began in 2009.

The Dow is closing in on the 23% retracement of on the intermediate trend.

Will it hold?
3100 points will confirm a bear market.
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