10 minutes to go. Dow is up 70 points. Continuing to stay overbought. We have just broken a downtrend line. However the volume is light. Advance/declines are solidly positive. There is a more significant downtrend line at around 552 on the OEX, which is around 4 points away on that index. When and if we get there, I'm buying some puts. The short-term indicators are overbought. They have stayed that way long enough. Perhaps fridays employment report will be a catalyst for a sell-off. I don't know. Gold is down $3 and the XAU was weaker earlier but has come back and also bounced off an uptrend line around 3 weeks in the making. NEM broke that same line on its chart yesterday. I'm on the sidelines there but would like to get long. No clear signal yet. My attention will be given to the OEX on the anticipation of getting short at the above mentioned downtrend line. Perhaps we will get there tomorrow. If we just break through it then I'll try to take a small loss. However with this overbought condition, I believe some type of pause or pullback is in order. But with the markets, ya never know. No time to be patient if it gets to the 552 level. Puts, just buy'em. We'll see what tomorrow brings...