Your charts support what big brokers tell me about all this bottoming out around 8500 on the Dow Jones.
However, markets under pressure traditionally overshoot, then correct and stabilize. 7500 is not unreasonable, and 5000 isn’t out of the question.
I agree. However, I also posted several times on FR that I thought markets would go up like a rocket for a week or so after the bailout passed, so rest assured I've been sufficiently humbled to avoid making any predictions!!