Re: FireWeatherMet Account Talk
Not much time to expand much, but have jumped back all in...50% S and 50% C.
After the first surge off last weeks panic sell off I jumped out to lock in some gains and hedge against a Dead Cat Bounce. But Cramers take that last weeks Wednesday sell-off was to him, the bottom, seems to be coming true. To him, Ebola uncertainties were at least 50% responsible for the selloff, with Oil, Europe and China the other 50%. Now everything is stabilizing on that end, and because we have OVER-sold so much, the bounce back up is pretty furious, and todays action makes the charts NOT fit a Dead Cat Bounce pattern anymore.
Times like this there is never a good time to get in...so the quicker you decide to go in, the better. If not, there is always a move OUT we all have available, which would not be a wasted move given we're in the latter days of the month.
CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT
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