Friday, June 25, 2004
OK, I was a little early on my summer rally call. Dow down 71 points today. However there was a rebalancing of some indexes at the close which skewed the results. Advance/declines were positive. The Dow dropped around 40 points in the last minute. This will probably be made up first thing monday morning. The volume picked up a little this week so maybe we are ready to break out of the trading range for real this time. Gold, the XAU and NEM didn't move much today. The options I purchased lost a little premium. More this weekend.
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