The Dow got pounded today, down over 105 points. Volume was good. The advance/declines were almost 2 to 1 negative. I think the market is pointing to a Kerry victory. Just a guess but that seems to be what the market is saying. Gold was off 30 cents today. ABX continues to move higher on good volume. My GTC order did not get filled and I canceled it. ABX has moved away from me. NEM was down today a few cents and I am looking to go there, if possible. The XAU was up a few cents. ABX earnings on tuesday and NEM earnings on wednesday. I have no idea what to expect but I wish I were long both. Cannot chase the move though. It's not easy. GE was down today and my way out January options didn't move. Perhaps I'm early on this. Don't know. Still lamenting not being long some gold shares. The dollar continues to weaken. I'll hope for a pullback in gold next week to get long. The shares are up against the top of the Bollinger bands so I think the upside is limited for the next couple weeks. Not completely overbought but getting close. OEX is breaking to new recent lows. Not a good sign but the technicals are oversold. Extra week on all the options makes it difficult also, pricewise. It's hard not to beat yourself up when you see the moves you were expecting yet have no positions to take advantage. It's not about the money. Really, the money doesn't matter. What matters is your performance. How you deal with the markets. You've got to live up to your own expectations. This has to do with how you trade and not how much money you make. Success is measured on your own terms, not a monetary figure. That may be hard to understand but that is the bottom line...
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