Monday, December 12, 2005
The Dow lost 10 points today on light volume. Advance/declines were positive. Entering a tricky period here to trade. I think we need to see some weakness and then maybe some strength at the end of the week but it isn't set in stone and it is just a guess anyway. Things will have to unfold perfectly or I probably shouldn't try to do anything. The risk is high. I will probably try and go out to January on the GE trade. No guarantees there either but at least I'll have time on my side. Gold rose over $10 at one point but the XAU ended up selling off and so did gold. I think the rise is over for now but who knows? Cutting this short today, more tomorrow...
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