Stuck in a Middle Zone

After the ugly action Wednesday, the market did little to clarify things with today's dull action. The bears will point out that the bounce buyers didn't have much vigor and didn't produce the usual quick recovery. The bulls will point out that there was no downside follow-through and that there was decent underlying support.

Typically, the bulls have done a better job coming back from the sort of selling we had Wednesday. It feels a bit different this time and I'm not feeling as confident about another V-shaped move back up. Of course, every time you doubt the ability to bounce back, it happens again, so it is tough to rule out....1167 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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