Intraday Upside Reversals

There have been 2 reversals to the upside in the past 3 days.  Today doesn't seem to have that same feel as those reversal days.  Despite the higher VIX, the markets aren't fluctuating as rapidly as they were on Monday or Wednesday.  Maybe its because we started with such a big gap down.  In any case, I think we'll probably close weak today but nothing explosive.  Market feels heavy but not as panicky as I expected.