No the DOW did not drop on War News

 3/5/2026

Here is the conventional wisdom regarding today's decline 

Yes WMT dropped 4 points due to the war in Iran, not it did not.

Human socail mood is patterned according to a robust fractal called the Elliott Wave. we are now in a third of the third wave down the strongest formation of the five wave formation.

 

Learn  more about Elliott here 

 DOW closed under its range. the SPX and NDX rallied later in the day to stay in their range.

The NYSE mew highs versus new lows closed at  +28. We need a far more negative number to finally call atop. DOW was down 1.6%, transports nearly 3%, the market is rolling over albeit slowly.

ZSL, bear silver and TBF bear bonds closed lsightly up.

At 79.65 oil is off $1.36. Texas producers see this as a short term event and are not putting rigs back to work.

All major indexes have topped. The DOW is down from its high at  50,241 to 47,954 about 2,300 points in a month's time, no one is concerned, it's the Mid East don't you see. I do not see it that way. This is the final end of a bull market dating back to 

1932, 1982, 1987,2002,2009, covid and Liberation day, all significant lows.

 

More this weekend.