The Dow has once again entered a Finonacci retracement zone and turned down. So far, the turn-down has not been severe enough to ring any alarms, but a drop into the 34,200 - 34,000 range will set those alarms off. For now, that's 300 Dow points below current levels. Note: Dominant trend reversed from UP to DOWN on in early January If 34,000 is breached, look for Dow to head toward lower channel line, around 31,000.
