Volume picked up today on the Dow and S&P 500, but it was another flat day. The bulls tried hard to get the market up today. CNBC keeps harping on how important it is for the Dow to close above 8,521. A close above that level would make a higher high on the Dow, thus [...]

The market is set to open flat this morning. I’m not expecting much movement until after Greenspan starts speaking at 10:00. Then it’ll take another 30 minutes for people to decipher what he said.

Despite that violent reversal this morning, the buyers were able to support the market throughout the afternoon. There was one last burst of buying in an attempt to get the Dow to close above 8,521, its March high. That attempt ultimately failed. On the positive side, the NASDAQ closed at a new high for 2003, [...]

A wild morning so far. The Dow has already made a 100 point reversal off of its highs. It may be tough for the bulls to get the market higher after such a reversal. After all is said and done, we’re still just marking time.