Stocks fell sharply in New York today as the Dow lost 340 points. Oil and gold also continued their recent swoon on continued US dollar strength.
I had thought the these declines would wait until next week, but it seems they're upon us now. A retesting of the July lows is likely in the coming days. I don't think we're headed straight down from here, but a break below 10,500 is very possible in the next two weeks. Prices may stabilize somewhat after that. The next big move down looks like it will occur around Oct 7-9.
