The Dow lost 75 points on light volume. Advance/declines were 2 to 1 negative. Have I missed it? Could be. But I still feel that I have a chance to purchase puts sometime next week and then hold on for good gains. I could be wrong. But my thoughts seem to be in the right place so far. Now if we just drop from here, then I misjudged things and that is possible. The summation index has now rolled over I believe. We should get some attempt at a rally next week and that will be my chance to get the October OEX puts. Gold got clobbered today, down over $15. The XAU lost over 5 points. The volume increased to the downside yesterday on the gold shares and the decline is for real. The XAU charts breakout above 150 was false and I thought that could be the case. It was a bull trap. I should have tried to play it. Perhaps there will be another chance next week there also. Mentally I'm a bit tired even though I have been getting enough sleep. I am trying to concentrate on what needs to be done here and not get upset for missing the latest trade when the order wasn't filled. Who knows, maybe I'll try the upside for expiration week. But I doubt it. For now it's a matter of waiting for some type of rally and then picking the options that I'd like to buy. I think this has the potential to be the biggest trade of the year but I don't want to get my hopes up too high.