Friday, January 29, 2010

Word on The Street

CASH. We made some good moves and got lucky too during this correction. The only thing we are holding now is a short (FAZ). Not a huge position-you don't need much if a major move comes. We had a great 1st month of the year. No reason to pat ourselves on the back, we have to stay focused. Let's sit back and watch our last position play out. Stay in cash and wait. Foggy markets rip both the bulls and bears. So we wait................I prefer to play poker during these times-keeps you sharp.