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Thursday, May 06, 2004

Almost the close on a down day. Dow off around 70 points. Was down around 130 at one point. Advance/declines were horrible. Gold weak. Will get long gold tomorrow if it continues to drop. Employment number tomorrow. We are at the crossroads. Either it holds up here or it will unravel. Summation index at the zero line. Would have liked to have the guts to buy calls today. But just couldn't do it. Will do a long gold trade here soon though. Tomorrow should be interesting. It is really out of character for me not to take on a trade here. Profit opportunities are there. But without a clear signal, I'm on the sidelines. Maybe my discipline is getting better. Maybe I'm just too dumb or scared to do anything. Whatever the case, a trade is coming soon. Or not...

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