Bounce Failed

Watching the Euro tank yesterday was a big signal that we have not found an intermediate bottom and sure enough today markets are down big time trading right now below the lows of the last 6 months. The other sell signal was the DOW not being able to make new highs from Friday and then the bottom falls out today. We may reverse here but the probability is much less than that of a bounce on Friday. Every technical saying sell now with the Euro looking to make new lows the rest of the week, this is not looking good for markets as a whole. Further downside imminenet.