The Bears Stage a Comeback

A late bounce took the sting out of the day but the bears still managed a minor victory. What was most notable today was that there was no follow-through from yesterday's bounce. The tendency of the market for quite a while has been V-shaped moves after a bounce like Monday's. Today opened positive but rolled over hard intraday before a bounce in the last hour.

Breadth was weak again but the major change in the market the past week has been increased volatility. There's more movement in both directions and many more intraday reversals. It is often said that increased volatility is an indication of uncertainty and a potential sign of a trend shift, but I'm not making that call....1303 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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