dow making miracle recovery today, page-10

Dow has finished 1.3% down today. The lowest its been in 11 years. Sounds dismal alright! But wait....

In the last 10 trading days...

Dow has fallen 12%
S&P500 has fallen 7%
Financials have fallen 18%
Materials have fallen 7%
Energy has fallen 14%

Are we having another market crash? IMHO=> No.
Since the Nov 21 low...

Dow is down 1%
S&P500 is up 2%.
Materials are up 21%.
Energy is up 10%
Financials are up 0.2%.

This is despite the dow falling 12% in the last 10 days!

Conclusion: Forget the dow. The general market is continuing to improve since the Nov 21 low. The last 10 trading days represents a market correction. The market is now oversold. Expect a recovery anywhere between 10-30% over the next 30 days. Expect banks and financials to out perform the rest of the market.

That's what I reckon, but always DYOR.