Previously mentioned support level of the DOW at both 13,000 and 12,800 are now reality. DOW should rebound briefly.

Updates during the past week or so were not too necessary because the DOW has been acting according to former journal's forecast by breaking below 13,000 and arriving at a major support at 12,800 with caution. (NYX recent lows were re-tested accordingly as well.)

The market should get a relatively healthy retracement right about now. Otherwise, it will be way too easy for short sellers to continue riding the market down and make an overly generous and yet no-brainer profit from the House side of this zero-sum-game.

Support or no support at 12,800 is crucial for the severity of the downside momentum or what I previously called, 'bear steam'. Should there be no support at 12,800, the downhill ride will get kicked up a notch causing the market to switch to a higher gear down.

This chaos is still very well organized. The market is very far from becoming an out of control panic or crash.