At this morning’s high the Dow was within 16 ticks of the 2011 spring high. If that happens it would negate the most plausible count that underlies the immediate bearish scenario. What will take its place remains to be seen. We will cross that bridge when it happens. The number is 12841 intraday, see previous blogs.
Nice to know; the average holding period for a stock in the US?? 22 seconds!