frnwid1,,, It lets people digest and look at the bigger picture as opposed to panic, like we saw Friday.
Where was the panic??? I thought the Friday trading was quite orderly. Of course, the MM's were attempting to scare out the nervous nellies, but it recovered very nicely. Investors were looking it as a buying opportunity. The down draft last 10 minutes or so were the day traders going flat for the weekend. That is it.
I was quite impressed with the orderly trading on Friday. Still a GAP to cover. Most likely Monday.
IMO, this correction was necessary for next leg up. I am not sure if the correction is over yet but it was certainly overdue, IMO.
