Tuesday, June 16, 2009
nowhere
I've been away from market recently, and haven't placed a trade in 2+ weeks. In addition to being busy with other things, I don't feel comfortable going long as I don't trust the green chute theory and couldn't make any money going short.
We've been spinning are wheels for weeks now, and are still playing around between 900 and 950. It's anyone's guess how long this will last, but I will likely stay on sidelines until we get a meaningful move, and the vix elevates.