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Wednesday, November 24, 2004

Holiday light volume as the Dow closes up close to 30 points. Advance/declines almost 3 to 1 positive. Typical pre-holiday fare. GE was down a little on an acquisition. I still have an open order for March calls there. Gold was up over a buck but the XAU was down a half. ABX and NEM were also down and the volume was good for a day like today. The dollar was weaker. Don't know what to make of the recent gold stock action. It certainly isn't following the metal. I'll wait it out on the sidelines for now. Pfizer continues to fall. Patience required there also. Off tomorrow and a shortened session for Friday. Looks like the start of a nice long weekend. Plenty of time to check the charts but better still a chance to take a break from the game. Recharge and regroup. Plan the next move but really just relax for a few days. Like anything else if you overdo it you'll burn out. And you're going to burn out enough just from the trading itself. So you try not to make it any harder on yourself than it's going to be.

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