Looks like the exhaustion gap from Monday on the Dow has now been confirmed with this news and reversal. The intraday gap which is a very rare occurrence on stock indexes got completely filled with yesterday morning's initial push up to 10,479 and then reversed ending slightly lower. As long as the Dow stays beneath this 10,479 level (intraday high 10,495 is really close to it too) I'm extremely bearish. It looks like the Dubai news was the popping of the intermediate term asset bubble since March. I expect us to quickly venture down to the March lows within the next 2-3 months. If this indeed marks the end of the rally it will be pretty remarkable that it retraced 52% in exactly 50% of the time, common fibonnaci ratios (not the 52, but close enough!).