funky's 'jumping the gun' monday

Been a bit slack this weekend but had a read through all the posts and thought Funkymonk's might be the go.

'These are unsupported rallies imo, the bigger players haven't jumped in, this is being taken up by those jumping the gun, mostly mums and dads (or if I want to be politically correct, unsophisticated investors lol) I would say we need to come down further and test back into where there was previous buying on high volume' FUNKYMONK 28th May 2011

I sold AGO, AWE & ORG on Friday as i think we are at the top of our current channel. (and Voltaires moon chart) Will have a go at buying back in a bit lower.

My Crappy Portfolio - end of trade Friday.

Stock Qty Purch LastPrce Pft/lss

AGO 20000 3.54 sold @3.59 +921
AWE 30000 1.55 sold @1.41 -4264
LEI 500 30.81 sold @23.56 -3765
RIO 2500 81.17 80.25 -2298
BHP 3000 45.44 43.91 -4600
MQG 500 35.09 33.77 -660
TOL 3000 5.56 5.20 -1070
ORG 1200 15.67 sold @16.24 +662
PDN 5000 3.45 3.25 -970
QBE 1000 18.07 17.56 -710

May 26 Down 8623 (-2.11%)
+ Accumulated losses from sales -6308

Total down 14931