Update Dow Jones Feb 27, 09

Here is my update on the Dow Jones. As I said last week, it will go lower. 7000 was the target and the market has gapped towards that level.
Will be interesting to see if 7000 holds, the 1.618 extension of wave 1 has already been passed. If it holds it will be wave 5 of 3, then a retrace will follow, followed by another run down.