Wednesday, November 08, 2006
The Dow rose 20 points on heavy volume. Advance/declines were positive. We are right back up to the recent highs and short term overbought. I bought some OEX puts. It is a risky play but I'm going to try it. The stop-loss order is already in. I also put in an order for some ABX calls but they weren't filled. ABX got back to the Bollinger band and gold sold off over 8 bucks today. The XAU was only down a point and a half. Trade number out tomorrow. No time today to blog. However if I'm in tune with what is happening we should see some weakness tomorrow. But as always that's just a guess. The markets whipped around on the election results and the presidents press conference where he canned the secretary of defense. Mentally I'm maybe a little too optimistic about my trading now after a winning trade. It is always a battle within yourself. More tomorrow.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment