if people are covering, just short more against them....we'll see DOW 12,100. Look at a daily chart- textbook sell at the 50bar; 60 Min chart - range market with a double top at 12,750. First support/bottom of the range at 12,100
Textbook Technical sell signals these past 1-2 days...you'll see pictures of those in technical analysis textbooks in a few years.
On the flip side, if we can get a solid close above 12,750+ the bull will be back (for the medium term anyways).