[DJIA] update

The backlink count has changed in a way that doesn't really affect much so I won't waste time with too much detail but what I was counting as 1 was really 1 of 3.  Recently, the bounce went back up into the range of what I was calling 1 thus invalidating that label.  So now I am reverting to use of the early June low as 1 down (which is the count that EWI has had all along).

What's important now is that 5 down seem to have occurred from the peak and that suggests a bounce to the level of the prior 4th to put in wave 2 followed by conviction selling as wave 3 down begins to unfold.  If the DJIA moves in 3 waves to the level of the prior 4th then UVXY becomes a strong buy with the expectations of some heady percentage gains occurring over the next 2 weeks.  See my separate post on UVXY for more details on that.  But nothing is a done deal until we get 3 back and then a lower low as shown so continue to trade confidently based on the model but always use stops.