iBankCoin

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Joined Jan 1, 1970
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Chess Moves

chessNwine Mon Apr 26, 2010 3:32pm EST 2 Comments

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I sold out of $COCO and $AES earlier today. I am content to raise more cash here given that market leaders like $GOOG and $GS are seeing big breakdowns.  I am still looking for longs. However, I am inclined to be as picky as I have been in months when choosing setups.

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2 comments

  1. sssc
    sssc
    April 26, 2010 at 3:38 pm

    yep, i went all cash friday into the close. i am flat for the first time that i can remember. i would really like to see a fairly deep pullback for a full reload. a deep pullback for me means a break of 1190 in the futs.

    ty

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    • chessnwine
      chessnwine
      April 26, 2010 at 4:36 pm

      Momentum is waning, for sure. The real issue is whether we are in a bullish consolidation period, or slowly rolling over. Time will tell.

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