Wednesday Recovery – Markets Bounce Right Back

Amazing!   Nothing seems to stop this market for more than a moment.  We flew right back to the strong bounce line ( see yesterday's Report ) at 4,292 and went all the way to 4,340 before pulling back to 4,322 this morning.  That is a very strong market and, as I said to our Members, the only caveat is that the volume is much lower (99M) on the way up than it has been on the way down (223M) in the past few days.  That means the recovery has, so far, left us weaker than we were when it started – with less actual dollars supporting the prices that failed to be supported before .       IN PROGRESS