As predicted yesterday, the market started to tank today. The DJIA closed down almost 99 points today and this is just the start. I heard a nationally known financial commentator before the market opened discounting yesterday's market drop and saying that he expects a rise in the Dow because of 4th quarter earnings coming up. Well, I don't about the earnings, but I don't have to know to predict the market direction. That's the problem with fundamental analysis--you have to be right not only on the market direction, but why it should happen to behave that way, as well. I wonder what he said after today's market action.

It's still too early to predict a price target for this downward swing, but we'll watch closely for that opportunity.