thursday's distant voyage, page-21

Here's an update of DJIA. Last night it hit the 50% fib of the July high/August low. And sharply retreated. That is an indication that the rally may be coming to a quick end.

Also looks like a bear flag. A continuation bear flag, which means the down trend resumes. The classic level is the length of the decline --2200 points, so approx to 9600.

NOTE: that sort of pattern, like ALL patterns, does not necessarily have to play out.