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[spielchekr]

I posted my arithmetic for this signal awhile ago. The 3-point support line got broken this week. Now we lay test upon the 38.6% retracement of the signal's post-Depression high.




We simultaneously re-test from above the longer-term 2-point resistance-turned-support line. Notice that we have convergence here to create a 3-part test.




Here's the very long term view for reference purposes. Notice the "enhancement" off the bottom in the recent signature (with QE1 and QE2 this time around) compared to the 1st half of the 1930's. That's what makes this level is immensly critical IMO. A breakdown here would easily take the signal line back to test its 40ish level (23.6% or 76.4% retracement level per Mr. Fib), with DJI price taking a ride down to the 10,000 zone.