Dip Buyers vs. Scarecrows

Right now there is a battle going on in this market.  We have a large group of potential buyers waiting for a dip to buy stocks or cover shorts.  The smaller group are those that have gotten in reluctantly into this market following the trend, without much conviction.  They will sell for quick gains or cut their losses quickly.  These two will be battling it out over the coming weeks, the dip buyers prevent the market from going down much, but the scarecrows don't want to chase this market higher and are quick to take profits.  So we're at a stalemate, and I expect it to continue for the next 2 weeks, trading in a tight range.  I would not be surprised to see this market trade in a 30 point range over the next 2 weeks, not 2 days.