DJIA breakdown should accelerate into the close.

With waves 1 and 2 put in I think we must be starting 3 down.  The fact that it occurs as congress is lambasting the architect of Obamacare and the CIA is getting scrutiny for torture (which even the heads admits will put US lives in danger of revenge) is no surprise to me.  These things represent loss of confidence in the con men and if you can't trust the con men then how much longer can the con game itself survive?  These things are all interrelated and will be reflected in the price of stocks which, at the end of the day, turns out to be little more than a social mood indicator.

Social mood is turning down and stocks will sell off in conjunction with that.