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Friday, January 07, 2005

The employment report could not get us going to the upside. The Dow lost around another 20 points on light volume. Advance/declines were negative. This market just can't get going. It isn't a good way to start the year. GE was down again. It isn't looking good there. It could be a repeat of last years early debacle. Perhaps something can get us going next week. This thing is way oversold. The bounce was nothing and we are treading water. Gold continues down also. Although the gold shares didn't fall today, that market is blown out and will require some time to repair. The dollar was higher again. It should run into resistance at 85. I'll be looking at gold there. I really don't have much else to say here. We are in a decline and I own calls so what else can go wrong? I'm going to try and get back here this weekend.

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