Tuesday, December 19, 2006
The Dow gained 30 points on good volume. Advance/declines were slightly positive. The market just keeps on going. There is no good reason. A lot of money floating around I guess. How long can it continue is the question. We are in a bullish time period though. Even bad inflation news didn't keep it down for long. Gold was up over 7 bucks and the XAU rose over 3 points. As I said yesterday we were just about at an uptrend line. Technicals oversold also. The volume wasn't much today though. Gold was also helped today by the weaker dollar and a sniff of inflation from the PPI. As much as I'd like to get some calls here, I'm going to step aside for now. But I'll be watching it. Mentally I'm feeling a bit relieved after visiting the dentist this morning. But on the whole I'm really marking time. I don't anticipate any trades until next week or early next year. It is time to sit back, take a look at the past year and set some goals for 2007.
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