Take a look at the one day chart of the DJIA. You can visualize the repeated attempts to shake out weak hands- at the open, over and over again during the day, then a last-ditch attempt in the final hour.
So I've finally found (in a Karate Kid kind of way) 'vindication' for those daily workouts in the inverse leveraged funds- immunity to being shaken down by run-of-the-mill non-superhuman adversaries -)
Get ready for Wednesday morning. Zero hour, 9 am. And the SPX's going to be high as a kite by then.