Bulls Counter Bears Again - Posted by Coolhand

Wow, keep your head down because the "bullets" are flying. The war between the bulls and bears continued today, with the bears drawing first blood, but the bulls fought back to bring price back into positive territory in late afternoon trade.

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So far, the bulls appear to be winning the battle over support at the 200 dma to this point, but the tug-of-war may not be over.

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Breadth ticked higher today and remains bullish.

I am remaining neutral given the volatile nature of trading at the moment, but I suspect the bulls will prevail eventually. That's just a hunch, but it's based on my perspective formed from sources outside financial circles.