After a brief morning rally, the Dow dropped precipitously and closed down 99 points. Instead of an up day confirming a new up trend as I speculated could happen today, the market turned down and with it the proprietary moving average, as well. It's not part of my new hypothetical system test, but I would be tempted to go short again on Monday. Of course, if my system stayed in the short trade it would have made another 99 points.

The weekly chart, above, still looks week. The daily chart continues to be very oversold, but it could get worse.

+165 points so far.