Tried to rally today but ended up unchanged. Volume was light, advance/declines were slightly negative and the new lows expanded to over 600. Would like to get long here for a bounce but the action today implies lower prices. The Fed meets tomorrow. A 1/4 point increase in fed funds is expected. Gold was up a buck, the XAU was down a little and NEM didn't move much. The dollar was basically unchanged. I suppose you could say the markets were in a holding pattern waiting for tomorrow. I have no clear trades on my horizon after last weeks losses. I am hoping gold makes it back down to the weekly uptrend line to initiate a position there. The OEX is oversold but not looking good on the charts. Guess I'll sit on the sidelines unless some kind of inspiration occurs...