Have you had Skyline?  The Cinicinnati chili, I mean?  Sure it tastes great, but I can’t imagine it’s good for you and it can give some nasty heartburn.  So while the Dow took a big bite out of the 10,120 skyline this morning, perhaps indigestion is why it’s having trouble on a retest.  It’s retreat from those levels looks corrective, ocurring in three waves.  However, attempts to push back up have been rebuffed.  If it decides to weather possible stomach discomfort and head on up, then I’ll keep looking at that 10,184 level.

Continued chopping here might lead us to try and count a fourth wave triangle if it has the right look.  If such a pattern develops then it would help give clarity to the wave structure and help us identify a possible turn down.

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