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Originally Posted by coolhand

The bulls managed to continue the upside move that began on Monday, though a good portion of the gains were erased in late day trading. That doesn't mean all that much in and of itself. What we are likely seeing is what we've seen previously, which is an overall move to the upside over a period of days.




On this particular upside swing, we need to see price hit a higher high. A higher high would coincide

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Stocks battled back from a nasty overnight futures trading session and early morning weakness, to close in positive territory as the bears could not hold on to post a third straight negative day. The Dow was up slightly while the Nasdaq led as the recent selling in large cap tech stocks brought in some dip buyers on Monday. The dollar, oil, and bonds were up on the day.

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