I believe it is a correction. Having said that it doesn't mean we have seen the bottom.
The DOW will not just forget about their problems and go on a bull run that we will blindly follow. WAKE UP!!
Personally I will be in and out of the market, trying to predict what will happen in USA and make my 1-3%.
But if you want to play it really safe wait for this week to pass. This week will be volitile like hell. Not for the faint hearted.
Too much economic data to be released this week and too much to take in and analyse so staying on ythe sidelines may be best play.
ask yourself crash or correction, page-5
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