Re: FireWeatherMet Account Talk
Re calibrating for June. Went in 100% S...COB today.
Have been out of stocks for nearly 2 months, and with inverse head and shoulders (see Tom's latest discussion) there is a decent chance of a breakout...or a brief downward retest of recent lows followed by upside.
Since my system is based on staying in stocks unless there is a clear topping pattern, I will shift in, and chose S because if we're breaking out, it might have more upside potential than the C.
If we just have a few days run-up while climbing the "wall of worry" leading to June Fed Rate Hike possibility, then being invested going into June allows the luxury of getting out of stocks briefly, then re-entering at lower price. That was actually the deciding factor behind todays IFT.
We'll see how it plays out.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
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