Lower we go as the Dow fell 75 points on average volume.  The advance/declines were just slightly negative though.  The summation index continues lower.  Will we ever get a decent bounce to get short is now the question.  But everybody is waiting for the same thing it seems.  Oversold and staying there for the major stock indices.  That could be dangerous.  Caution is still advised in my book because I think we have a lot further to go on the downside.  I could be wrong.  GE was up a few cents and the volume was average.  GE hasn't led things higher near term.  I'm now considering some September GE puts since the OEX puts have gotten very expensive.  Just a thought for now.  GE is holding at its 50 week moving average.  The gold futures rose around five bucks as the US dollar gained back what it lost yesterday.  The XAU was flat on the session.  ABX, GG and NEM all had slight fractional gains on light volume.  My October ABX calls are slightly in the red.  Nothing to do but hold on here for this trade.  Plenty of time and the favorable seasonal factors hopefully kick in for gold.  Mentally I'm feeling OK.  Everyone knows now that the trend is down.  I don't see any sustainable rallies in the near future.  Simply waiting to get some puts on something.  Option expiration week is coming up.  Will the usual positive bias show up?  The McClellan oscillator remains in negative territory and the positive divergence there earlier in the week did not pan out.  Gold has had a bounce this week but it hardly qualifies for an uptrend.  Ditto for the gold shares, which still have yet to break out from their recent consolidation.  Volume was anemic today in this complex.  We'll close out the week and it is anybodies guess what will happen tomorrow.  The European markets have been very weak as of late and that is probably weighing on the US.  So we'll see.