Heard Guy Adami on Fast Money this morning basically echoing Kevin's thoughts (or Kevin echoing Guy Adami's thoughts...whatever).
Anyhow, if the move downward is so clear cut and significant, I don't think the dow whould have risen over the past week.
Maybe a short pullback. Earning results (good or bad)should be a catalyst for the medium term direction.
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- dow will go on a down hill slide from today