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Frank Pembleton

03/23/09 6:48 PM

#18675 RE: KastelCo #18674

K...what I've noticed here is that both Fridays and Mondays aren't something to be feared anymore (?) so I'm guessing the SnP will run for awhile - I see a bit of a pullback tomorrow but nothing I would short...it isn't that overbought, at least not yet, not even on the hourlies.

Big winner today had to be the drilling index - OMG...!!!

So much for taking some time away from the markets - I'm sitting here at 100% cash - completely missed today's move - so I've been thinking... a good time to venture back in would be April the 1st.

seems fitting.

...as for gold, I would love to see a 100% retracement of the last move...maybe that's where I'll look.

Nevertheless - my goal was to have a specific portfolio size and have the darn thing pay me a return of 5% a month ... I did way better than that this month, which is why I'm not sweating my cash position.