The Dow is poised to fall to at least 10602, or to 10574 if any lower.  The calculations come from impulse legs that are less than stellar if subjected rigorously to our rules, but the patterns of which they are components are so pretty and compelling that it seems unlikely they could miss. A tradable bounce should therefore be expected at either pivot, but you’ll be on your own if you want to improvise a bottom-fishing (or shorting) strategy. ______ UPDATE (1:57 p.m. EDT): The lunatics and broad-tossers are in charge today and have taken the Dow higher rather than lower. My minimum upside target is 10993, and it looks like a lead-pipe cinch because of the ease with which buyers obliterated its sibling midpoint at 10817.