12:11 - If there's a silver lining to today's action, it's that we got pure upward 4's in the S&P DOW and NASDAQ

My target for DOW was 11,340 about 90 pts from the low and SPX 1187 and we got both...NASDAQ got within a couple points...but after a 4 there's a 5 down, and the best thing that can happen is a truncated 5th wave and a strong upward reversal into the close..the worst thing is a fade to the lows and a close at the lows..this would mean a test of 11,150 in the DOW, 1163 in the SPX and 2442 in the NASDAQ.