Monday, October 02, 2006
The Dow closed down 8 points in light volume trading. Advance/declines were negative. The overall market was much weaker with the S&P500 down over 4 points and the Nasdaq down 20. The OEX didn't move much and the puts are still big losers. I'll need quite a down move to salvage the losses and that isn't in the cards at the moment. I expect one more move to the upside and then maybe a decent downdraft. But that is a guess as usual. Gold was down a couple bucks and the XAU was up a little. Not much else to say on a Monday. Mentally I'm getting it together in a way that I hope will bring success. Discipline will be the key.
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