Double top failure just gave way to a 500-point drop on the Dow. Unless we hold the 50-day moving average, the Dow could easily retest its 200-day just under 16,960. As oil continues to give way, many of the big names on Wall Street are still taking a hit, making it tough to get excited about upside at the moment.
We called for the sell-off at the double top in Forgotten Profits and walked with gains in just three days.
