DJIA Dow Industrial Average (7552)

I thought I might be able to finagle a reprieve for the Indoos by rejiggering my Hidden Pivot calculations, but even under the most optimistic assumptions, the blue chip average appears to have slipped beyond redemption. Specifically, I slid my point ‘A’ backward to the 11867 high recorded in mid-August, effectively lowering the ultimate target to 5812 from 6196, but also lowering its associative midpoint. Unfortunately, even the lower midpoint, 7803 (vs. 7995), has already been decisively breached, increasing the odds that the Dow is about to go much lower. Under the citrcumstances, a rally up to either midpoint should be used as an opportunity to get short.