Even considering last week’s selloff, bulls would seem to hold a very small edge at the moment, since they slightly bested bears in the “duel” evident in the 240-minute chart. Notice that the rally to 10720 on August 9 exceeded one internal and one important look-to-the-left external peak. It was followed by a decline that exceeded two external lows, and although it’s a close call as to which feat was more impressive, I’ll give a slight edge to bulls.  That doesn’t mean we should expect the Dow to romp to new highs — only that we should be prepared for a possible head-fake into no-man’s land before the blue chip average dives anew.