The DOW Levels

Looking at the DOW Weekly, it still seems as though it's going to want to retest 11,000. It bounced off of 11,100, but after the sell-a-thon this afternoon after Oil prices spiked back up there we're a lot of people who hit the exit doors very quickly!

That volatile price action leads me to believe we're just one hideous news story away from another capitulation move that would send it down another leg. We'll just have to wait and see.

DOW Weekly Chart:



The DOW daily is showing that it's trying to hold and bounce. Continued good news could avert another leg down, but the news lately has been pretty grim.

DOW Daily Chart: