This week saw the markets move "violently sideways" as large up-days were immediately followed by similarly large down-days. Essentially, the Dow is continuing to lurch around inside of its 10,400 to 10,600 trading range. Check out how much time the Dow has spent in or around that range since the beginning of the year:
The good news? The rising 200-day Moving Average may push the Down up above 10,600 soon.
The bad news? Recent declining volume argues against any upside breakouts soon...
Now let's see what our other commentators think...
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Chip Anderson is the founder and president of StockCharts.com.
He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997.
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