[grobdriver]

Good question - one for the guys who swim in market technicalities, graphs and such.

Personally, I've noticed this and examined the DOW history for an example of a plateau lasting for months (goes back to February - arguably to December 22) - and finding none I have deduced we've hit a ceiling and something has to change before it will go much higher.

Of course that "something has to change" could send it much lower as well... which is why I've gone to cash to wait it out.

[pieceofthepuzzle]

The high-end traders don't necessarily need the market to go higher to make money. They just need ‘change’ (up or down). Volatility, for all of its negative connotations, still allows professional traders to make money. For those of us who just invest, and hope for the best, not so much.

[Rodamala]

Don’t worry, it will cross 8000 soon.

[Sequoyah101]

I think we are stuck waiting on obongo to go away, the fed to finally raise interest rates etc. I think industry here has gone as far as they can go with adapting to adverse conditions and that they are out of steam and ideas to overcome the adversity that is this government and administration.

First the dead cat bounced from 2009 then we went through a constantly threatened stifled recovery and now we are just out of steam.

I figure the market is sideways for years to come.

[VideoDoctor]

The HIGH SPEED computer systems currently like this territory.

It allows them to bounce the average up or down a couple hundred points and ASSURE that their high speed computerized trading systems MAKE MONEY daily.