Monday, November 20, 2006
The Dow lost 26 points on average volume. Advance/declines were about even. The overall market was stronger implying higher prices down the road. No trades in the nearterm for me. Gold was little changed as was the XAU. Nothing doing there either for now but I will be looking to get positioned for January if the market cooperates. Not much economic data out this week and there's Thanksgiving too. So it is time to take it easy and not try to force things. I'll let this week go by and then take it from there. Mentally I'm doing fine and just waiting for the next signal. This year is about over and it hasn't been a good one so far, profitwise. But there has been some improvement as to the overall picture and trading strategy. At any rate, in this game you've got to just keep on going. So that's what I'll do.
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