Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Dow 30 Collapses... As Expected

The Dow put on a big show this week with an expected retracement to 15,700 - the 3rd untested 100-point scalar level. The almost-1,000-point drop truly exemplifies the market's sentiment at its current low volume on the upside, and the above-60-day average volume on the downside. "As January goes, so goes the year", as they say - we will definitely wait and see. See previous posts regarding the Dow at: (1) The Dow 30 Danger; (2) Dow 30 Completes A Full 2,000-point Scale Resistance Break. SEE CURRENT CHART HERE.