iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

This Market Can Always Go…Downtown

http://www.youtube.com/watch?v=N1vewS4ribE

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The continued lack of follow-through after the past three Monday rallies is starting to become a trend in and of itself. Consider this a reminder that stocks can actually go up and downtown, not just up or down. I am still net long, with as heavy a cash level as I have had in months. If you think I am going to sit out the rest of the rally, you are surely mistaken. Reentering on the long side is always an option. However, at this point I am basically content to let things play out without forcing the issue.

The time to do that was back in January and February…

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3 comments

  1. stringmusic24

    Hey Chess, you almost always include great images with each of your posts. May I ask where you get these from? I’m considering starting a website (not financial in nature) in the near future and would love to know some of the resources you use. Thanks.

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