More Chop

Choppy day number two. Today was even worse than yesterday with quick thrusts in one direction for ten or twenty minutes and then reversals. The volume is lighter than yesterday, so this makes sense. I have to coin a word for these days--I think StopBuster may work. If you have a method to cope with these choppy, directionless markets, please share. I think the best thing to do is do nothing on these days and preserve your capital. Things look quite bullish right now, with two narrow inside bars at the top of a wide ranging bar on declining volume. The market was able to shake off that bad employment news this morning also. But I'm still cautiously bullish until we break 1400 on high volume and make a higher high. If you look at the two past wide ranging bars in the S&P, the first resulted in a full retrace, the second in a 50% retrace and the current is around 38%.