DOW

[Wizard]

When the eventual drop comes it's going to be in the magnitude of 1000 points to the 200EMA..and quick. Just like in the _ & $ chart. My physics teacher told me in the past.The higher the potential energy of an object the bigger the kinetic energy will be released!

[THRESHOLD]

Hopefully the market consolidates for a while allowing the trailing 200 day to play catch-up. More concerning is the sharp fall in the VIX. A sharp recovery here could mean a nasty correction.

[Wizard]

There is a huge support on the VIX at 16.30. Should hold. The answer to our problem with the DOW might just be seen back in Aug 1975. Similar situation coming out of the lows!..test the 200 EMA..consolidate..run to the test the highs..do a 61.8 on the recovery. That 61.8 at the time lasted 2 years!!

[THRESHOLD]

As I said; what worried me was the VIX - indicated too much complacency at 16 odd.