The indexes traded in what is called an inside day. The ranges of the day was contained within the ranges of the previous day. This is a contraction of the volatility that we have been seeing.The DOW traded in a little over 200 point range, yet the day seemed to be quiet and non eventful. This coiling condition will typical lead to a powerful move in one direction or the other, many times giving a false breakout to one side first. Many of these indexes have formed triangle patterns.