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Originally Posted by coolhand

Yesterday, the indicators were suggesting that a bottom may not be in. I didn't expect serious selling, just enough selling to flip other signals to bearish before turning back up. But Wednesday's rally turned everything right back up.




Price on the S&P retraced more than half of the previous 2 days of losses. Price on the DWCPF pushed back above support at the 50 dma and closed their as well. It still

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Day two of the pullback took stocks off their highs and we're close to knowing if this is a 2 - 3 day dip, or the start of a more serious decline, similar to what we saw in January, February, and March, with those pullbacks lasting between 4 and 13 days before reversing up again. The Dow lost 256-points on the day, which was off the lows after a final hour push higher yesterday. Bonds bounced back yesterday, yields were down, and the dollar also rebounded some, putting ...