Welcome back. The world has not ended. There is still love, nature, animals, clouds and many many people. Over the Holiday Weekend we only screwed up as we normally do, but did not create any new World Wars or environmental disasters.
The Dow Jones Industrial fell for seven straight days, sliding well under 10,000. It ended the week off 457 points, or 4.5%, to a close of 9686.
We are adjusting our Dow projections for the first time in 21 market days, with 76% of our Dow support/resistance lines actually hit during this highly volatile time.
It's also a week of limited economic data, as you can see below, so the markets will likely focus on weekly numbers, especially the all important (but really completely irrelevant) weekly jobless claim report.
Instructions detailed within our Dow Projections.
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