DOW is now in a dangerous situation. Watch up.

This is DOW Friday morning in Europe at CET 07:44 This is a 51 day bar chart. You see two main tops and four MA:s if you click on the picture.
The question is if DOW will get below the low between the tops at 12.701.6 . If that happens there is a risk of a 631 points fall down to 12.075 today or next week. There are lots of technical reasons why this is possible. Here are a few. The 8 MA has crossed the 50 MA on downside and the 50 MA has turned DOWN. The 21 and 34 MA:s are also down and have both crossed the 50 MA. The four MA:s are in order from below 8 - 50. This situation opens the way to a move down to the rising 200 MA now at 12.187. The 2 hour trend is down with new closing lows in Asia.
This is the worst case scenario that can happen today and during next week. The best scenario is a rally from current level up to the falling 50 MA and a beginning next week to make a new top. There can also be another day with small moves like the last two days.

I will report important movements until CET 19:30 on this blogg.