More Testing Ahead

There seems to be a consensus on Wall Street that the correction will go on.Just how long it will is unclear.Andrew Siebart of Stewart Capital feels the rest of the year will be choppy.Sarat Sethi of Douglas C. Lane thinks the volatility will continue for a few more months.According to Steve Hochberg of Elliot Wave,we have gone from a rally phase to a declining phase,a sea change in the market.There was a rally yesterday,but the volume was thin.The market is still weak,and those who have been shaken need a lot more firmness before they will come back.