No surprises. The triple bottom was utilized to bring the DOW higher. Next stop, 13621.545.

14021.95 – 13219.14               = 802.81
50% retracement =  802.81 / 2 = 402.405
13219.14 + 402.405                 = 13621.545

The following chart should help you understand the rocket-science (NOT!) equation at the above:

Only one minor concern. If the DOW drops below the blue diagonal line in the following intraday chart, the market will not stop falling until it reaches the two targets mentioned in the previous journal entry.

Highly unlikely but yet possibly, should the DOW break significantly above the mentioned target, it should then move on to the next retracement level at 13753.81 (much lower probability). And if it goes beyond that, it will then re-test the recent all time high at the 14000 level (this level will get re-tested sooner or later).

Personally, I think the DOW should make the 50% retracement and then re-test today's low of 13219.1396 to form a double bottom before aiming any higher. But then again, it is just my personal preference. Because if I were the 'Big Bully' calling the shots (specialist firms or market makers), I would keep it simple for now and do just that.