Point & Figure Chart: INDU Fires Off A Quad Bottom Breakdown

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Above is a traditional 3-box Point and Figure look a the DOW. As you can see by today's sell off it fired a bearish descending Quad Bottom breakdown. Since we're still above the longer term 45 degree trend-line (blue line), it has the potential to solidify into a nice bearish correction. A clean break on a confirming P&F signal around DOW 10,000 could trigger a topping pattern.

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