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Friday, September 24, 2004

Dow was up all of 8 points. Advance/declines were positive and the volume was light. Still might get a chance to short this thing. The summation Index has rolled over. I'll hope for a little rally and check prices on the puts if that occurs. Gold was off over 2 bucks today. The XAU was actually up a little as was ABX but I don't like the action. The XAU sold off in the last hour, never a good sign. Maybe it was weekend related, maybe not. ABX has had good volume the last 2 days and hasn't been able to move. That is not a positive. The options I hold are back to where I bought them. 3 weeks to go on these things which is the only positive at this point. Technicals are moving to overbought. I don't know. Perhaps should have sold half the position today at a small profit. That would have been the prudent thing to do. GE didn't do much today. I'm holding off there right now. Will check all the charts and perhaps get back here this weekend.

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