shoo...morning...well no end to the falling...fantastic. Mr A...the Dow....someone laughed here recently at my little circles....well lets have a little look at those little Fib Ellipses Circles now and how they illustrate a steep rise or fall within ellipses. Now the way this goes is simple....imo...the dow will stay inside the ellipse until its outside the ellipse...implying price will steeply bounce or fall to the next ellipse.
Notes....
----We are at a significant Long term support for Dow (Red Line)....but the bottom ellipse (the boundary so to speak) is a magnet for price.... which is 15967..15927....
--China SSE is 60 points away from 3000...so china can fall another 2%...dow follows.
---- So my call is the dow tests 16000 if it does not hold 16330..now at 304....and then goes to next ellipse 'lateral'...you must find them. (the laterals that is). Stay short dow..cover above 330....Add S's below 330. All conjecture.