The Dow continue to cast weak short term chart patterns. The 1 month chart pattern is at 46.15% probability of an up-trend based on similar chart patterns. To make matters ominous, the 2 month chart pattern is at 30.77%, the normal range is above 60%, the healthy range is above 70%. According to the technicals, it's doesn't seem to be over yet.

Footnote: the indicator was in the 30% range Monday, speckled with 1978 to 1982 range of chart patterns that are highly similar. You may recall the similarity to Carter's economy documented here a while back.