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Tuesday, June 08, 2004

Halfhour to go. Market started lower, midway went higher, now flat. Would like to short the OEX with some puts but will wait. Overbought here but not drastically so. Gold, the XAU and NEM all down. Will try and be patient there and wait for the next month option cycle. We'll see. I have some other commitments after the close and cannot rant on here as usual. Will maybe get short before the weekend if strength lasts that long. We have higher prices and a lower McClellan oscillator. We have declines ahead of advances today. Divergences to be sure. Timing will be key. Will it work? Stay tuned.

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