Capitulation of the Dumb Money

Earlier this afternoon the Dow was over 4 points under and yet it ended over five above.

After todays massive shift from red to green at eleven percent it should be obvious that the dumb money has already exited the market and the smart money appears to be at the helm. I believe that the volatility of today's trading may indicate capitulation and that from here on one may expect to see a gradual change in the trend lines. I am assuming that larger purchases by fewer magnates are responsible for the demand dynamics as noted today which would suggest that more stock is in the hands of fewer people ... I could be wrong. My feeling is that it simply takes more time to negotiate higher demand by many more little mouths when encouraged, but it takes less time for a griping fear among the same to cause a sharp plunge.