Everything Breaking down
There is a massive shift going on right now and I am afraid its the shorts getting the upperhand. If DJIA 11k falls within the next week or so it would be a major signal to abandon ship and go the other way.
In the past Octobers of 2008, 2009 when Chinese stocks started crashing it was a signal that the overall market was going to go into a short-term tailspin. It happened both times, Last week in October and the period between Nov. to Dec. was a tailspin.