Thursday, December 27, 2007

As expected - slight retracement, consolidation

Today is starting as a rather mundane and typical trading day, and was expected following the rapid rise in prices yesterday(see my prognostications from yesterday). I would expect this to continue for a few days, so that market expectations can catch up with the record price rise yesterday.

It would be nice to see a little more volatility, because price fluctuations are low enough that some trades may lose money. However, some profits are still possible.