Some very clear ABC coordinates predicted Friday’s low (see inset), just as they are likely to accurately predict a further fall to 16423 when the Indoos catch up with index futures Monday morning. If the futures have already turned higher by then, leaving the Dow with no reason to follow through to the downside, the blue chip average could get short-squeezed pretty hard. If so, the rally would become an enticing short at 16761, the midpoint pivot of the large, downtrending pattern.
