Markets - Market Timing DJIA 13,473 dn-311 pt.& fig.chart.
Today's intraday high was 13,783 and the low hit 13,335. Note;- Math numbers, 14,200 13,900, 13,600, 13,300, 13,000, 12,700. Today's intraday low was close to the 13,300 at 13,335. I have shown so many times, the point and figure chart pattern, and last report dated July 19th, then 13,918 dn-53, the p&f had reversed down 3 sqrs.

In that report, last week I wrote the following:- "The math number of resistance is 13,900, and we should have some trouble remaining over 13,900 with out a drop which is occurring now".

Take into account on July 16th I wrote:"Support will be at 13,700". Well, if you can remember my "math numbers above, you will realize the DJIA makes very fast breakouts and breakdowns when these numbers are crossed. Today the DJIA made a breakdown below 13,700 to hit a low 13,335 so this has broken the bullish pattern of the pt. & fig.chart and has turned bearish. Take a looky-C here, the red circles represents today's drop of some 7 sqs. Get ready for a bounce as the shorts are going to take advantage of an oversold condition. Any rally now, should not get over 13,700 but fall short. If so, these will represent a good opportunity to go short. Buy some ETFs like the SDS, QID, etc. Do you research on the EFT's, that are good for long and short the index. Crude Oil ETF's OIL, Nat.Gas. UNG. Last is very oversold so I bought some. Warning. This business is not for investors but day traders who can read charts. You should be getting out of margin now and rise cash and short thu.the EFT's.
Charlton Capital Ltd. Mr.618 here.