very good point. Support at 26 then 23.75.. I think it will break right through the 200 day. I did not think that but after today's news and the dollar weakness the Dow can go to 12,500. There is NO BOTTOM FORMING here and as you stated need a complete wash out before going higher.. One further point.. After that wash out it must CONFIRM that point before you can say for sure.. Just an Opinion.
agree, monday should be interesting. Fear has a way of snowballing quickly. So much bad news, the only good news is Far east growth, but then again their exports are really dependent on the american consumer. China and India dont have a very big middle class.