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Having cracked the 10,600 resistance level, the Dow immediately ran into problems at 10,700 and then Friday's session ended in a disappointing close back below 10,600. Volume has remained relatively light. All in all, a picture of a directionless market during the summer doldrums. But let's see what our other commentators think...

Chip Anderson
About the author: 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. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More
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