A few weeks back the Dow and Tsx dropped, and TSX.V Jr. Miners were significantly affected (so much that many temporarily lost as much as half their market cap).

I recall Al predicting a few weeks back that the Dow may bounce off the 12,900 - 13,000 resistance levels and possibly fail 12,000 in the near future.

Watching the market today I am beginning to wonder if that time may presently be in it's infancy?

Imo, the 12,400 mark appears to be a short term pivot point and is currently being retested. Many of the Calls I am following are trading down higher than normal, with put premiums also increasing. I'm a bit worried that support failure at 12,400 could mean 12,800 was our peak, with a 12,000 retest next and than possibly previous lows.

I would like to invite Al, or anyone else on the McFaulds Board, to share insight as to what may be in store for the Dow?

Cheers,

Chris