Note the three higher highs, and the two lower lows. If this thing proceeds, the next low is going to be real low.
http://www.mrci.com/pdf/dji.pdf
Also. Keep in mind this crashing crude oil and diesel diving into a bottomless pit? At first, most may gleefully think this is a good thing, lower gasoline etc, but it may be the start of a massive deflationary situation like 1929, and the obnoxiously stupid Fed Res has to devalue their dollar by 70% again like in 1934 to get prices back up so people can profit and stay in business.
Is the global economy coming out of the eye of the storm soon? And we hit THE SECOND EYEWALL!!??