Monday blues and blahs as the Dow was down around 60 points. Advance/declines were 2 to 1 negative on the usual, light as of late volume. Would like to see a bounce to get short as the trend is down. Hasn't happened yet. With the rollover of the summation index any short play should work before the October expiration provided you don't get greedy. GE was down again but those January options are not cheap enough for me yet. Gold was up a buck and change. The XAU, NEM and ABX were all up fractionally. Not a lot of movement and they are all overbought. Again, just running in place on ABX does not look good for me. The options are stuck right where I purchased them. I don't like it. Time is on my side for now but a big move in the wrong direction will kill this trade. Would have liked to see the XAU follow through on the breakout, taking ABX with it. Will really need to cut the loss here since I own twice as much as preferred. If we can't get some upside traction soon I'm gonna have to get out and start looking for something else. The weekly charts look good on this though so there is hope. I'll try to be patient but I'll also try to be coherent...