Dow falls last hours to close at 13.242.8, just below yesterdays close.

DOW day bar now.

Here you see the rally top just below the R line and then the sharp drop to close lower than yesterday

DOW day line-dot now. Every dot is a daily close.

See the 13.328.9 close at the bottom of the first wave down from the top. This is a very strong R line. Dow reached 13.327.7 before falling 85 points to close just above the days bottom.

DOW 2 hr line -dot now. Every dot is a close every 2 hour.

The Dow closed below the rising 21 MA. It has made 5 waves on upside and finished with a new low close. The 8 MA has turned down and will continue to fall during Thursday until Europe opens. The 21 MA will continue up until Europe opens as well but then turn down or sideways. Very interesting Thursday coming up.