recovery rally on the Dow for 1 day on Friday but we still saw 1175 ( 1st day drop) then second day (570 point recovery ) then day 3 20 point deficit and day 4 1000 point decline and Friday (300 point recovery) but its still in technical correction territory as its off its highs by 1600 points in the red
Wall street experts say its correction, m=not a bear market
A correction is necessary as the VIX which is main indicator of volatility is high - a high VIX is not good for stocks / shares in general so expect some more pain before we are through this technical retrace - should be a choppy few months of swings up and down before this correction finds a base
Technical support is 23400 (approx) if we break that then DOW could plunge so keep an eye on this level if your looking at the macro economic side of things
VRC will do its thing so could be some future short term opportunities in coming weeks - if VRC can hold 3c its a good sign
dont think next week will be much better as its still correction bound territory
GLTA
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