Dow Jones Can Drop 20% From Current Level (28,600)

After making a crucial breakout last week, we may be at the start of one of the worst weeks we've ever seen in the Dow Jones. The market has made a sharp rally and may be topping out now. I am selling 28,600 with stop 28,900. If we go back through the low we will probably see strong selling. I'll keep my stops tight and perhaps look to sell again into a move up towards a double top if that forms - although for the downtrend to be valid it would probably sell off from here. If it does not a new high is more likely.

As things stand, I think either this week or next week will be the worst week we've seen in the Dow for a long time, and might only be the start.