11/7/2005

Wow I haven't updated my blog for quite awhile. But, I'm back and ready to rumble. Well the market continues to be very bullish, but what will be the catalyst to move it further? I believe it will move up a bit more (dow 10600,spx 1230, and naz 2180)and then consolidate a bit and range trade till the end of the year. I know it will disappoint all the bulls that wants a huge rally in the 4th quarter. But, I just don't think so, since this is the 4th year of the bull and it is starting to run out of steam. What I'm watching these days are the oil/gas, it has come down significantly and will continue to come down as the temperature cools and the anticipated cold winter doesn't come along. If oil comes to 57.50/barrel and gas goes below 11/mbtu, I'll be a buyer.


Current unrealized g/l:
vrsn +1/share
sndk +3/share
aapl -6/share