Monday, April 22, 2013

50% Short TNA

The JTS will remain short.  The CCI, which as been long for a few days, is selling its long position and heading to cash.  That puts the JT Composite into a 50% short position.  I will continue to wait for a 100% signal before putting money to work. 

My gut feeling is that we are going lower, much lower.  However, my feelings are often wrong, which means we are going gradually higher this week to convince my gut that it's wrong.   It's at that point the market will makes it's move to the downside.  I will not be fooled - I'll be ready. 

3 comments:

  1. thank you, sounds like you have the same luck I have...none, have always had to work for what I get

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  2. Thanks J. Thanks for sharing and the best for all here.

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