This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, November 23, 2005
The Dow tacked on another 44 points today on light volume. Advance/declines were positive. Gotta get a pullback here. Everybody was bullish on CNBC today. I'll wait for a short term buy signal if one ever presents itself. GE was down a touch and might try that again too. The XAU lost over 2 points as gold was down. Not sure about this. Could be that the run for now is over but I might get long when the overbought condition is mitigated. I don't want to get ahead of myself here and will try and remain patient. I've seen some bad Decembers in my time also but this time I think we need to continue higher for the year ending in 5. I've harped on that all year but there is a reason. The reason is because it works until proven otherwise and right now it looks like it will work again. Mentally I'm tired, physically too because I did not get much sleep last night. Thanksgiving tomorrow and a needed day off. Light day Friday and I won't pay much attention. Monday should be the day back for everyone. Still looking to add to my gains this year. But I wouldn't call it a good year. Much to many mistakes for this to be considered good. More like lucky in a lot of cases. Need to improve and I will. Time to rest...
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