The Dow soared 145 points today. Volume was light again. Advance/declines were 4 to 1 positive. We are right at the recent downtrend line for the OEX. I bought some OEX puts. This looks to be a scalp trade the way the market is acting at the moment. We are short term overbought. There is a possibility that we just continue higher, breaking the trend line and turning all signs positive. That isn't the scenario that I have in mind but it could happen. The summation index is now pointing higher also. Tomorrow will make or break this trade most likely. We'll see. Gold was up around $3 and the XAU climbed almost 5 points. Obviously I sold the ABX calls a day early. ABX was up over a buck on light volume. It seems as though there aren't any more sellers all of a sudden. It's always easy to look back and say you should have done something different. But it doesn't matter now. I'll look to buy those calls again on a pull back. GE was up over 3/4 on good volume. That will help support the market here. So where do we go from here? If we continue higher tomorrow like today, then all signs will point to the decline being over. There is a chance that this will happen. We'll just have to wait and see what happens. Mentally I'm doing OK. The plan was to get short at the down trend line and I've stuck to that. Whether or not it works is another story. On to tomorrow...