In the last sixteen or so days of trading, the DJX dropped 1,000 points-plus and then did an about face and moved back up on an 800 point rise.
This is not a game for the retail trader - they will lose out. You need a professional trader - someone who has the best interests of you at heart not that of the high frequency traders or institutional traders who play with your money up and down and make dollars every day while your account goes no where year after year .
With the Feds reporting at 2PM today expect a sell off to start - they will reiterate that growth will be slow - which for those who may not be able to read the fine print - this means that your standard of living is going to go down as credit gets more expensive and lending from banks becomes more difficult.
If you noticed the shift today on CNBC, you will see that in the last six days, the momentum of all bullish pundits coming on announcing that we have seen the bottom and all things are going up, and now today with a very slight pull back so far, the mood has changed from buoyant optimism to that of concerned optimism vacillating toward convinced pessimism.

Should we begin a descent downward, watch for very convinced pessimism to come out in full flare, very little buoyant optimism.
Remember though the market is cheap according to 1980 standards, they can always get cheaper. The value of stocks is also based on perception. If you assign little to no importance to the stock market, and thereby stocks, because you, the individual investor, in the end, never can benefit, the stock market will go down. As a reference, take a look at the housing bubble. At some point, someone said that housing is overvalued, way overvalued, and now mortgage rates are at a 50 year low.
I always wanted to see what it might be like to live in the 60's and now I am getting a chance.
A double dip, I am not sure, extreme volatility, beware - no doubt the truer course of this market.