DJIA – Dow Industrial Average (Last:16,170)

Although permabears might sometimes wish on a thieving, forever-scheming Wall Street the kind of pain that was visited on Mel Gibson’s William Wallace character at the end of Braveheart,  yesterday’s  267-point decline brought satisfaction enough for now, especially since it looks like sellers are not quite finished.  Expect the Dow to fall at least another 166 points, to the 16004 target shown. That might not be the end of it, but it would still be an excellent place to try bottom-fishing, especially if you’ve been short for any part of the ride south.  I’ve provided  more-specific guidance for this in today’s DIA tout, so check it out if you’re eager to mix it up with the crazies today.  If you don’t subscriber but would like a free peak (no credit card needed), along with access to the Rick’s Picks chat room, click here.