Dow - has been bouncing about in the same trading range but it appears like big moves are going on. The Dow remains in wave 4 which can end up being a triangle. a-b-c is complete but can go on till wave e in the same range till the next move down out of this range is clearly evident. The 20dma held back prices yesterday and 16100 might be the lower end. Most world markets still fit with the wave 4 up set up and not yet a confirmed trend reversal for the medium term.