Short Term Trading Member Forum

[jglider]

thanks

A few thought I was nuts when I made the mid year canyon call and we had talked about this going into next year. In mid April I did some big pic work but have not gone past July so anything is possible. Need to find some time and see what it looks like going into Aug. That could be another high point like late March?? Way back I envisioned June or July giving us an I/T lo. Could still happen but I think the cycles are running a bit fast.

I recall mentioning near the Nov. hi I was pulling some funds out of 401Ks we manage and by late Dec. they were 100% in cash. Am thinking about tossing a bit of them back in.. Not getting carried away until I do more big pic work..

But up to this point its nuttier than I first imagined. But I should not be surprised as I've mentioned the reasons why we get these big swings... Even if we put in a mid-ish year low that holds for a couple months or longer, this traders theme IMO has a long way to go. As previously thought and I still do believe the traders theme could go longer than most can imagine. We have to remember where we've came from either the 2009 low or the mid 70s low. I like to key off the mid 70s low. Wave 4s and even 2s can take a while

Not watching this day to day makes it a bit hard for me to say just where a big low will hit. But that window could be close. Just keep in mind I feel it'll still be wild well after the low is in probably leaving lots of openings to stick your nose into something or more trade trade trade. .

Was looking at the PMs a bit closer. See they're up pre-market. Told my nephew on days like yesterday get the shovel out so he's selling my short plays he puts on and buying PMs with the cash. Don't think an I/T low is in yet but it could be.. My thinking is if the cycles continue to play out even close to what they've been doing we go into a sideways mess for weeks,, then have lift off for a month or 2. So patience is required and scalping some off on pops would be part of the initial plan..

I expect a lot of sector rotation will soon hit.

Still like bonds for my screw off play. Early next week and mid June look important. If they rally into Fri/Mon then we might get a general rally into the holiday.

The s/t swing points are starting to bunch up and that usually brings in a low of some type. Taking a few swipes at some stuff before I head out.

Had a big storm go thru last night, got firewood to make, this will keep me out of trouble for at least a week..