We lost another 72 points on the Dow today. Volume was good and the advance/declines were over 2 to 1 negative again. Inflation data tomorrow and we are oversold. So it could get interesting. The summation index is firmly pointing down after today but that doesn't mean we can't snap back. I am looking for a higher then expected reading on the consumer side for inflation but that's just a guess. I actually wanted to buy some OEX calls today since we are about at the daily up trend line that began in mid-August. I expect that line to hold for now. Gold didn't do much today but the XAU lost over 3 1/2 points. ABX was down around 90 cents on OK volume. I would like to get short gold again here as it has had quite a run. It's not going to be easy though. Perhaps the prudent thing to do would be to let it correct and then get long as the trend is clearly up. We'll see. ABX has its earnings report in 2 weeks and that must be considered in the mix as well. Plus the Fed meeting 2 weeks from tomorrow. A lot to digest there for a trade. GE lost a nickel on average volume. There isn't much to do there now except wait for an entry point to buy calls. We'll have to see how weak the market gets here. I'm not expecting much but you never know. Mentally I'm doing OK, slept better last night. I'm trying not to do anything stupid here with 3 days before expiration but you know how that can go. There are conflicting indicators at the moment, so perhaps a change is in the works. I don't know. It could be the so called "sub-prime" dilemma again. Or maybe just bad earnings. So we'll see what tomorrow brings.