The Dow Goes Into Correction

The long awaited correction has indeed come to be. The Dow has broken the 30 days MA support line I mentioned yesterday and is about to test the 50 days MA support line. Seriously, I am not expecting the Dow to go lower than that as the Dow enters the short term oversold region on a healthy bull trend, however, anything can happen and I can only tell in the next day or two when the Dow reaches the 50MA line.