Top rail of expanding wedge breaks down on DJIA. Collapse has gotten first confirmation.

In this post I recently warned that the DJIA was on the verge of breaking back down into the channel indicating it would be bad for longs. 

It has since broken down.

The collapse should be swift, roughly parallel to the 2007-2009 collapse.  This will be one for the record books. If you are not short this market, wait for the sucker's bounce and short it.  There is plenty of opportunity ahead and no longer any way out.  The fed is all but dead.