4250 broken on open today easily, from here the 4100 mark will be hit. After that its a drop to the 3600-3700 level. Based on the 1991 trendline.
Dow primary support is at 10600 for a massive leg down (watch 10992-10711 mark), I beleive they will sell it down to there over the next 2-3 trading days. So agree that its time to sit on the sidelines and wait for then before you look for bargins.
Breaking 10600 there is some system support on the dow also at 9450 which has to be factored in to play.
I still see this as a shake out for the big boys to make some coin in the second part of the year. There are still alot of good companies out there making money!!!
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