First the really long term

Long Term Dow

The Fib retracements are from the top of 1929 to the top of 1987.  The blue Line is the trend line that we have been stuck around for the past few months.  I have drawn it with a figurative crayon, rather than a virtual pencil – as these LT trend lines need a bit of latitude.  The interesting line is the 423.6% retracement line, which you can see in the next few charts.  This is a fairly recent weekly:

Quartlerly Dow

Then a quarterly from 97

Quartlerly Dow

Then the last 60 days.

60 day Dow

so what next?

As you can see the Blue LT trend line has failed, as has the attempt on the 423.6 retracement.  We may get retests, and probably kisses, against these lines.  I think that there is also a chance that we go to test the 64 Quarter SMA (around 9,187).