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  1. Momentary Pause? - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    Another somewhat volatile day and this time the bears won the battle. Losses were limited, however. Still, we can see that both sides continue to fight for control of price direction, but the bulls have been the winner over time.

    mlk_man's account talk-s-p-500-png
    mlk_man's account talk-dwcpf-png

    Volume was lower than average. We still need to watch that 200 dma.

    mlk_man's account talk-nyad-png

    Breadth pulled back, but remains bullish.
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  2. Have the Bulls Taken Back Control? - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    We got another volatile session today, but this time the bulls took immediate control to the upside and bears tried to bring it back down. Of course, the bulls won the battle with some decent gains on the day.

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    We can see that about half the losses have been retraced and perhaps a bit more than that.

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    Breadth continues to rise and remains bullish.
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  3. Bulls Counter Bears Again - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    Wow, keep your head down because the "bullets" are flying. The war between the bulls and bears continued today, with the bears drawing first blood, but the bulls fought back to bring price back into positive territory in late afternoon trade.

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    Market Talk-dwcpf-png

    So far, the bulls appear to be winning the battle over support at the 200 dma to this point, but the tug-of-war may not be over.

    Market Talk-nyad-png
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  4. The Bears Challenge Support - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls got jumped by the bears last week and all 3 TSP stock funds were hammered as a result. It isn't normal market behavior, but then again when was the last time we saw normal?

    mlk_man's account talk-s-p-500-png
    mlk_man's account talk-dwcpf-png

    Support at the 200 dma on both charts was broken last Thursday, but the bulls bounced the market on Friday, though it was a volatile trading day. The bulls need to seize control soon or risk bigger losses.
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  5. Smack Down - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    Yesterday, I called recent selling pressure consolidation. Today, I'm calling it an attack (by the bears). The action was quite bearish.

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    That huge gap down is reminiscent of how the big sell-off started back in late February, but this one is more pronounced. Price closed below the 200 dma (support) on both charts. Momentum is falling (quickly). Volume was high (not good).

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