What does DOW 12838 mean?

[gobar]

Quote from 1flyfisher:

It means it will begin raining cats and dogs and monkeys will begin flying out of Maria Bartiromo's butt. Then the skies will darken.....basically mass mayhem.

 

[1flyfisher]

Technical support level from summer lows. If it is broken decisively and we close below it could signal a continuing move to the downside.

Quote from lowhangingfruit:

If the DOW closes below 12838 what does it mean?

 

[pumpanddumper]

Let's test that number. I can taste it again.