Strangely, I don't expect any drop to last today to the extent most look for unless we attempt a bounce and fail mid day. I don't see the internals supporting a prolonged drop, especially on the dow.
8200 to 8400 by October, and of course relief rallies along the route..........
Never straight down, however the cycle calls for a STEP cliff drop first before the slower dribble to the bottom. So 9500ish (the September 03 support zone) minimum before any relief rally.
October into 1Q potential back to DOW 10175.
Then 2005 into 2006 will be a market disaster.....too far out for now to read the tealeaves not to mention the politics.