Replies to post #2396 on The New CS Board

[Rivers 1]

Hi Don. Since you mentioned 2008 I first looked at the 5 year chart of the DJIA and SPX along with the first 6 months of 2008 and 2012. Kind of similar. (I can't post charts.)

[Stockmine]

Hi Don,

Yes, historically June and July are supposed to be good months for election years. I actually deployed more net longs started 6/04(monday) expecting a summer rally. However, that shooting star on Thursday shook me out, and I deployed more net short expecting a down Friday. The strength on Friday surprised me, which plays more into your idea of the summer rally. However, that 400 lbs gorilla that you mentioned has already blown into an 800 lbs gorilla instead I believe. I can't imagine we're going to have new high or new low in these two months. I think we're going to be more in a trading range. It is going to be very hard to trade June and July. Just going to be nimble as you mentioned.

Thanks for your posting as always.

[Stockmine]

Hi Don,

Nice call. You're right again. I myself was hoping for a summer rally and didn't think June would be a bad month.
Honest to tell you though it was gut wrenching to hold my longs through the volatility and so I closed a lot of long positions and did not follow through and now mostly in cash. Too bad.