Dow - Recoup early losses to close with 53 points down

Dow dropped sharply at the opening of Thursday trading due to disappointing economic data in jobless claim, house prices and durable goods orders. At its lowest Dow dropped 189 points (1.8%). However buyers emerged in the afternoon to push prices higher and managed to trim Dow's losses to only 53 points at the close.

Wave (V) remains on course, no sign of the big 'C' so far. Technical indicators are well behaved. Thursday candlestick is a hammer. Is Dow going to hammer all its way up in the next few sessions ? Keep your fingers crossed.