Incredible turnaround today. 10 minutes to go and we were down over 160 points and now we are positive on the day. Made a new intraday low earlier but the advance/declines were better than recent and the McClellan Oscillator was nowhere near the -364 it was a couple days ago. I suppose that was a short term spot to get long if you were quick enough and had some balls. I was looking for a close of day non-conformation. It's not going to happen. Should rally from here and would be surprised if we didn't. This was a textbook short-covering rally. Incredible. Decline is over. Gold opened higher, NEM rallied but has since fell back. Options right where I bought them. A couple inflation numbers in the next couple days. Price of gold hasn't moved much so far this week. We'll see if that lasts. Don't know if that trade will work. Will be looking for an OEX long trade on some weakness after today. But that was some move. I think that the fact we got so blown out on the indicators and the market was not allowed to drop as usual means that higher prices are ahead for the longer term. It's just a guess as usual. More tomorrow...