I feel like making a prediction on the Dow. I predict that the Dow will continue to slide downward and will hit 10250 before the month of September is over. That will be a slide of about 250 points. I don't know why this will happen, could be oil, housing, who knows. I'll post an update once 10250 occurs and I'm right or the month of September is near its end and I'm wrong. Also it will be curious to see what happens after the price of the Dow goes below 10430 (or bounces off it). There is a strong support line there and if it breaks through the price may drop rapidly.
P.S. Today's news about lower than expected sales of existing homes should be a wake up call. We may be on the backside of the housing boom.
