This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Thursday, November 02, 2006
The Dow was down 12 points on good volume. Advance/declines were negative. We are short term oversold. I put in an order for OEX calls but it wasn't filled. Employment report tomorrow. I may try and get long any weakness in the morning. I think this is a short term opportunity and a good one. Gold was up 8 bucks and the XAU was only up about a half a point. We have run into resistance here for the XAU. I think it will break through eventually but not just yet. Gold has rallied strong this week but the gold shares seemed to move in advance of it. I do want to get long there though. Mentally I just got back from the dentist so my mind is clouded by that. I think a trade is here, it's a matter of if I can get it in the morning. We'll see.
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