Richard Suttmeier Point Quotations

If you are a short-term trader you like to see some more gyrations. But certainly from a longer term perspective you want to see the market broaden out, have a very nice looking pattern to it technically so that you are not getting hurt too much in a market that's going to grind higher. It looks like that will continue. My theme is productivity. The Federal Reserve stated that that is a very important point in moving the economy forward. The Fed will allow a stronger growth rate as long as productivity gains remain strong. And I think that's going to be the case.

If we fall below 7,700, we're looking at a potential fall to 7,200, where it was in October. That's a 500 point range, but it's one we could stay in for a while.