Snapback. As I mentioned in my December 18, 2008 post, a basic rule of technical charting and of Dow Theory is that the greater the gap between the Dow and the 200-day moving average , the more pronounced the snapback will be to the 200-day MA. Jennifer recently had a discussion with a financial manager who stated that we are in a "recovery" but it isn't a "typical V-shaped recovery." No shit. This is the Great Recession and it isn't over yet. Eddie Bauer just went bankrupt . Unemployment will continue to rise . Though there is some positive news . The worst might be behind us . It’s hard to tell . Regardless, the manager Jennifer spoke with, and all of his ilk, have mistaken the recent rise in the markets as the leading indicator of a recovery when, in fact, all that has really happened is that the markets have moved back toward the 200-day MA because they had fallen so far away from it. For example, on October 10, 2008, the Dow closed at 8451.19 but the 2