According to Yahoo! Finance, this morning stocks "surged" on M&A news but see-sawed soon after.

Let us check out how the Orthochronos charts explain the events. Here's the intraday chart of NASDAQ Composite Index this morning at 10am. We can see that the fast oscillators have captured almost all of the momentum of the "surge".

Within one hour, i.e by 11am as shown in the chart below, we can see that the momentum has been completely neutralized by the fast oscillators themselves and the Pink and Black oscillators are following their original paths.

Now let us look at the End-of-Day charts from Friday. The chart is a classic example of conflict. The top right panel has been zoomed in to show the fast oscillators better. With these oscillators poised this way, the "flat" nature of the market today, despite the morning surge is no surprise.

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