it's election day 2008, how is dow looking?

quick tech talks before i take my son to piano practice....  

indu closed at 9623.28 @ 402pm  

daily at 6-0 sell, still on track for the 9-0 sell by employment number friday 

weekly at 1-0 sell 

monthly at 1-0 buy  

in terms of retracement, indu now sits +2.7% above the key 23.6% fibo level of 9372.989 we had failed twice since the 10/10 low once on that super monday 10/13 and another on the morning shot toward 9800 on 10/14  

now, the next target is naturally 38.2% at 10295.065, some 7% away  

some say a mccain win may get us 1000 pts but we are seeing today's 305 on an expected obama victory  

either way, there is a lot of ground to make up to regain some sign of a reversal, 

so far all this is simply oxygen for the forced liquidated traders, such as this writer.  

paul