RtS, Your statement kind of "says it all".
<<We have a real tug of war going on.>>
The market has become very schizophrenic in the past few weeks. It wakes up in the morning, takes a look at the news, and then decides what it is going to do.:)
The NASDAQ was up 20.14 on Monday, down 25.79 yesterday, and up 33.25 today for a net gain of 27.60 for the 3 days. It has done nothing for the past 2 months except "wander around" in the 2220 to 2330 area. First it goes up for a day or 2, and then the Bulls get real excited, and say "this is it, we are on our way", and then it goes down for a day or 2, and then the Bears get real excited, and say, "this is it, we are on our way". In the meantime, the NASDAQ is "averaging out" and going nowhere.
This is real exciting stuff!!!:)
Don |
