Wall Street Buddha

Dow Trading in Range. June 30, 2009

Just as I had speculated. The market would go flat. The Dow is trading between the Low 8200 and High 8900. Sure there’s plenty of action in the middle. But I just don’t have the time to seek the little opportunities. The Major move lies outside these areas. Once the market gets beyond these areas. I’ll should get some signals to buy or go short.

Sorry guys, Nothing I can do. If the market doesn’t go my way, I don’t play. The market has to play by my rules.

Here’s the chart below. Be sure to follow me on twitter or RSS feed. You won’t be sorry. I only play the robust breakout. Looking for trades that move 20% or more.