Friday, August 8, 2008

Range Trade

Have had some large gains and losses during the course of the week with the indexes range bound slightly in the upper half way of the range created between the end of June and July 15th. The bulls are leading but not by much and the technicals are flat to sideways. NQ100 is stronger than the DJI and SP500 but it suffering from short term overbought conditions which may be temporary problem.