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Friday, September 01, 2006

The Dow gained 83 points on light volume. Advance/declines were about 2 to 1 positive. The economic numbers came out and we traded off of that. The OEX is about 5 points from where I'd like to short it. I'll have to check the charts over the weekend. Gold lost a little over a dollar. The XAU was up fractionally. Summer is now over as far as the markets are concerned. The real deal starts on Tuesday. I have an idea of what I'd like to do. I will firm up my prognosis this long weekend. I'm ready. I also know that I could be wrong but I will let the market dictate that. I haven't made a trade in a while and this one is longer term than I usually do. That said, I feel like this is the way to go here. We'll see what happens...

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