If the recent high was the completion of the Primary Wave 2 rebound from the March 2009 low under the tenets of the Elliott Wave Principle, then Primary Wave 3 is underway....what I've been warning could be the "Apocalypse Wave".
As explained in past blogs, breaking below the psychologically important 13K mark in the DJIA may be a prelude to negative historical events.
Notably, shots were fired from Syria into Turkey today that could mean Syria is about to go ballistic in response to Turkish, and in association NATO, military intervention.
This could result in a chemical SCUD missile attack on Israel and subsequent regional and then global war as I foresaw in February 1991.
Also, one might keep an eye on China and Korea since North Korea might soon provoke a conflict just as political instability is purportedly occurring in Beijing.
Again, these sorts of geopolitical developments toward an East-West conflict are consistent with a swing into mass depression as described by my Global Bipolar Hypothesis.
Of course, the most likely possibility is that the stock market will levitate back above Dow 13000 based upon the American motto, 'In Mammon We Trust'. Let's falsely hope so!