The title of this post says it all. They tried to take the market up, tried to take it down, and it ended up going nowhere. It looked like today was going to be a big rally day after this morning’s economic reports, but the early enthusiasm quickly waned. The indices traded in a very tight range, while making doji patterns (showing indecision). Volume increased a bit today vs. yesterday, which tells me that this move may be about to reverse. Of course, given the strength of this market, that reversal could only last a nanosecond.
