I asked the question yesterday if we're out of the correction yet in IBD terms.  IBD will typically say that a new rally begins with two big days up on higher volume.  Thursday seemed a bit like a follow through with everything but energy in the green.  I jumped out to the book store today to grab an IBD to see what they had to say officially and we're still in a correction.

Although I don't really subscribe to IBD methodologies, I do like to test things that are purported.  This is just another one of those things.

Reader "mike" commented shortly after the open yesterday that he would have a bit more faith in this being a bottom if things held up on Friday.  They did.  Things remain interesting.