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Thursday, July 21, 2005

The Dow lost 60 points on good volume. Advance/declines were 2 to 1 negative. China revalued its currency today. Markets don't know what to make of it. Gold was up over $3 and the XAU rose over 2 points. It looks like I may have been asleep at the wheel here. Looks too late to make a trade here. There is an extra week on the August options though. I've definitely got to get my act together. It ain't easy at this point though. So what happens with the China currency question? Don't know. There was volume into the gold shares though and a major trendline is about to be possibly taken out to the upside. Gotta pay attention.

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