Friday, May 30, 2008

Trading Ranges

Low volume rally continued through yesterday with NQ100 once again trying to lead the overall indexes higher. Bears have been slowly ground up this week with no follow through from last Friday's weak close. DJI has become the dog with the SP500 running a close second. News about oil is going to play constantly but it may be in range bound land for awhile. Just when these indexes look to be at point of bear or bull joy, they quit.