The markets, like war, are long stretches of boredom interrupted by brief moments of terror. I think we're heading back into boredom for at least a little while. The fun, exciting drops, tinted in purple below, have long spans of grind between them. I think we're back to grind for an indefinite amount of time. It could be days. It could be weeks. I'm guessing days.
At this point, we've all unwittingly become FOREX traders. My view is that once EUR gets back up to about 1.21, shown below, we can get serious about shorting again. My 174 shorts would indicate I'm serious already, but they are almost all small positions, and I've got no big index shorts or ultras at all, plus I've got one long DIA to balance things out for now.
