It may be getting tiresome to see the same chart update after update, but it has served us well. The first time I posted the chart it was nearing the 38.2% Fibonacci retracement level of the entire decline into March 23rd. That was my first "heads-up" to everyone. The second time it had just barely kissed that line from below and turned down, suggesting that might be all she wrote for the counter-trend rally. Earlier today I pointing out two key levels that if broken would bolster the case for further decline to a minimum of the March 23rd low of 18300 DJIA, and now an updated chart including today's decline along with the DJIA chart to show how perfect the DIA and DJIA track. Next key level, DJIA 20000 (DIA 200). Expect to see these charts at least one more time as that level gets breached...or not. DIA DJIA
