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Originally Posted by coolhand

If you haven't noticed, the up one day and down the next market has seen 6 reversals in as many tradings days (S&P). The slug-fest continued today with the bulls landing the latest punch.




Price on the S&P did close at a fresh high, though it had a higher intra-day high the prior trading day. I'd say the bears are losing this battle; albeit in drawn out fashion.

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Monday looked a lot like a Turnaround Tuesday as stocks jumped out of the gate and galloped toward the prior highs as if nothing were going to stop them. But something did. By the time it was over we saw a severe negative reversal in the indices, although the Dow did manage to hang onto a small gain. The Nasdaq saw a near 500-point range from high to low, which was about a 5% move during the swan dive.

It may not have sounded like a political headline, but the fact that stocks were ...