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We'll need a bigger catalyst to break out of this trading range we're in".
"I do think we are going to stay in a trading range.
That is well beyond what some economists think should be its natural trading range.
Until then, he expects a trading range of 8,800 to 9,300 for the Dow.
More importantly, all this drama was captured in a surprisingly narrow trading range.
We think the FTSE 100 is heading into higher ground with a trading range of 4500 to 5000.
It said: "BP is trading at the top end of its two-year trading range relative to the sector.
The worst was over, but the market was entering into a trading range that would last for several years.
Stocks should hover in this trading range until volume picks up to ignite a sustainable rally, they added.
"As far as this year," he said, "we probably have approached the high end of a trading range.
Most analysts value the stock in the mid-$30's, only slightly higher than its recent trading range.
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