This is a dead cat bounce, but lets hope the bounce goes on for a little longer.

What you need to do is keep a hawk eye on the market if you want to maximise gain. Because the fall is going to be quick and fast.

I predict a few more dead cat bounces, maybe not a crash.

Or else I predict a coast at the bottom. That's dangerous. Because the chances of a fall are greater than a rally.

I'm on about a 15% gain at the moment, all due to this last mini rally / hovering. It could go either way tomorrow. All I need is a little stability for a few days.

Another point that seems relevant today: the difference between high traded and low traded stock. Low traded stock in this environment will go nowhere. High traded stock will be much more volatile. It's one of the criteria you need to master if you're going to make money daily form this business.

Also, penny stocks are likely to move less. Penny stocks are also much more dependent on company fundamentals than the macro environment.