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Tuesday, July 20, 2004

Finally some upside.  Dow was up 55 points, advance/declines were decent and so was the volume.  Big Al Greenspan was talking up the economy before some government panel.  Will it last?  Who knows?  It's still oversold but not as much.  Call buying has increased and if that keeps up I don't think the rally will last long.  Gold was off around 3 and a half bucks.  Nice heads up from yesterdays XAU action.  Both the XAU and  NEM were off fractionally.  Still trying to be patient when it comes to purchasing those NEM calls.  Gotta wait until it gets to the uptrend line, if possible.  It seems like buying comes in whenever this thing sells off though.  And the earnings are in a week.  Dollar was stronger today.  Lots of crosscurrents.  There's no rush but I don't want to miss the boat either.  Toughest game in the world, this trading is.  Internal battles with oneself are ongoing too.  It's possible that no blog posting will appear tomorrow.  I'll be taking one of the rare semi-days off here and heading to opening day at Del Mar.  Will be leaving about 2 hours before the close.  Might get back to post later that evening but I doubt it.  It's summertime...


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