A Market Showdown By Rev Shark About this article: On Wednesday, doom and gloom were pervasive. On Thursday, euphoria reigned supreme again, especially if you watched the folks on "Fast Money" who could hardly contain their glee. This morning, some doubts are popping up again, although the Chicago PMI and Michigan sentiment numbers were OK. The battle lines are very clearly drawn, and that may be why we are seeing such fast shifts in the action. The bulls are arguing that the rally is intact, and after a little correction, we are going to move back up again, just like we have done consistently since March. The bears are saying that this time its different and that the technical breach that we saw this past week isn't going to be so quickly or easily negated. They are looking for a failed bounced this time and some acceleration to the downside. My position at this point... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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