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Originally Posted by coolhand

After spending the first hour or so in positive territory, the market took a quick nose dive into negative territory. The selling didn't last long at all and the buyers stepped in and slowly took the market back near or above the neutral line by the close.




You can see the long tails on the candlesticks. Price remains near the top on both charts.

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Stocks bounced back last week, after the prior week's selling, but on Friday we saw another weirdly mixed day with a 179-point loss in the Dow, a modest loss in the S&P 500, yet the Nasdaq, and particularly the small caps, were up. The Russell 2000 small caps index was actually up 1.3%, so once again investors may be selling in one area, but they're buying elsewhere.

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