US Markets -Jan.21, 2010

Markets are become much more volatile and choppy...finalizing the formation of the markets tops across the board...the US dollar is leading the way. EUR/USD dropped to 1.4030 overnight... a hair's breath away from my short term target of 1.40. Close enough for a potential knee jerk reaction bounce. Additional downside is likely with potential for 1.3750-1.3800, before the next upside mini-retracement for the Euro is underway. As for the DJIA, this would coincide with the upside potential push to 10850. All scenarios remain intact. -Dio.