Finally a down day as the Dow was off 115 points on good volume. Advance/declines were over 2 to 1 negative. Excuses included Greenspan, the dollar, oil and option expiration. We've been overbought for a while so a decline was expected, really. I don't think it is the start of a long downtrend. GE sold off around 60 cents. Not enough to get those March calls yet. Gold was up over $4 and seems like it will never come down. The XAU was up almost a point and a half. ABX continued to soar up another 75 cents on very heavy volume. How long will it go on? A new gold ETF was launched yesterday and I'm thinking that is some of the reason for the rise. NEM was only up 50 cents and hasn't broken out like ABX. Neither has the XAU as it is at its previous high around 110 and hasn't gotten above it yet. The dollar sunk on Greenspans comments. There is a G-20 meeting over the weekend and the market will wait to see what comes out of that before trading again on monday. Holiday week next week also. I'll still be looking to get some March GE calls and perhaps some January ABX calls. Oil was up over 2 dollars but I think it's just a snapback, not the beginning of a new up trend. I also believe that a pullback towards the breakout that we just had in the indices is in the process now with todays action. It will give you another chance to get some calls. Pfizer was down again today and is looking weaker than I thought. Holding off until the December tax selling is over for that one. Perhaps will stay away for good on that idea also. The weekend has arrived and maybe I will return here before monday.