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Originally Posted by coolhand

The bears hit the gates running today, but the bulls countered with buying pressure by late morning into early afternoon. It was not enough. Buying pressure peaked in mid-afternoon and price fell all the way into the close.




The selling is still out of the ordinary. The charts are showing a short term (to this point) dip after a multi-day rally starting at the beginning of the month. The 50 dma is still

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There seems to be a lot of indecisiveness in the market recently with strong opens turning into weak closes, and weak openings turning into strong closes, while some indices do well, and others poorly, and it may be a change in character going on with higher oil prices and steepening yield curves. The Dow was flat on Friday, the S&P slipped late to close down on the day, and small caps reversed and rally big after a few days of selling.

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