This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Tuesday, August 08, 2006
The Dow lost 45 points today. Volume was average and the advance/declines were negative. The Fed did not raise rates. The market initially rose on the news and my order for OEX puts was almost filled. It got to within a nickel but wasn't filled. The market then turned around and sold off. It did what I expected but I didn't make any money on it. Frustrating but you gotta move on. Gold was down a bit and the XAU was off a couple of points. My main problem today was my computer constantly freezing up. It is hard enough to trade and concentrate on what needs to be done without computers problems. I am going to have to buy a new computer. So I will have to do some research and shop around. It is a situation that I don't want to deal with but you need a legitimate machine to do business on. There is no getting around it. I am really getting tired of having to do everything myself but that is just the way it goes. Better to deal with it now than when I have a really big trade on. I do not have any other trades in the offing. But if we grind our way lower here I will look to get long. Gold doesn't look attractive at the moment. That's all for today. I think the market could just slow down here and get a bit boring with traders on vacation for summer. We'll see.
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