I couldn't find a DOW analysis thread so I thought I would start one. At least then there is XAO and DOW analysis threads.
Anyway interesting that on the DOW charts the previous correction was still trending inside the same trading channel and found support right at the bottom of the channel.
Recently the drop has broken through the support on the trading channel. The last level support tested and held at 12,800 ish in the last correction. If the DOW continues to slump will we see this level be tested and hold again?
Also interesting that before the previous correction we had a blow off top and a break of the trading channel right before the market corrected.