The DOW is reaching its correction territory already. Fibonacci retracement of 38.2% is at 9500 which is a major support confluence with another Fibonacci retracement from the 2008 highs to 2009 lows.
The DOW did not follow the EURO today. EURO went up, DOW went down. This signals the end of the correlation, and the DOW would be following movements from oil trading and other economic data.
The DOW will most probably continue its descent albeit slower than before.
This is the correction that many have been hoping and waiting for as there are many people who are still holding cash and are waiting to enter the market. This provides them with the best opportunity.
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