$indu slammed for 500 points--on our way for predicted 2000 point decline before next big rally

Palisades Research gives a 61% probability for up day tomorrow for $SPX but Asian markets are down sharply tonight.

Then crash into next week???

Tim Knight give "Crash Set-Up Signal"

IBD reversed market direction this evening--"Now market in correction." This is why I use Dow Theory to confirm IBD signals. I remain 95% in T-Bills.

75% probalility that triangle will resolve in direction of current trend--DOWN, DOWN, DOWN

Trend Nasdaq S&P 500 Russell 2000
Long-Term Down Down Down
Intermediate Down Down Down
Short-term Down Down Down

***Trends as per Trader Mike