chartsmaster

How Much More-Downside?

DJ:DJI   道琼斯工业平均指数
Two weeks ago I posted that the market topping process was well under way and followed up a few days later that it "Had Topped". Take a look at a 6 month chart of the major averages. The DJI went from just below 22,000 to 26,500. A 50% correction of that move would be a drop to about 24,000. That may or may not be the bottom, but a good point to look for and reevaluate if and when we get there. Stay tuned. Chartsmaster
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