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RE: TIB: Today I Bought (and Sold) - An Investors Journal #246 - Japan Govt Bonds
It's crazy how retail came back, I remember shorting Macy's last year from $34 to $18. The only thing that matters is sector rotation and where the Smart Money is rotating their money into what sector.
I did see the signs and wrote them up in TIB113 and TIB149. A quick chart update on the buy:sell chart I used then - SPY vs XRT. I was early in July and I got the turnover perfectly in January.
The pattern is clear now. The economy will keep that running for a while. The tricky (smart) part is going to be timing the exit before the whole shebang goes pear shaped.
Very nice. During the last Macy's earning call before I got out, there was news that call options shot up, I did't understand until after the earnings when price shot up...that was the Smart Money getting in, so they timed it perfectly as well.