THe DIA has been down for more than a week now. It has tested the 7900 handle about four times now and has come back from that abyss.
This stock has now cycled into a bull posture that i expect to carry it to the 8600 handle within the next 7 days.
At the 8600 handle, we have to re-evaluate the state of the market at that point because the big trend is still down.