The Dow lost 130 points on average volume. Advance/declines were over 2 to 1 negative. We have broken the up trend line from the beginning of the rally in July. The McClellan oscillator will be moving into negative territory and the summation index should begin to roll over. We can always snap back to the up trend line in the days ahead. We could always just turn around and head higher also, the way the market has been so volatile. No OEX trades for now. Gold was up $11 on the futures and the XAU rose 3 1/4. ABX, GG and NEM were all higher with GG leading the way, up 1 1/3. Volume was good and that is a positive going forward. I would have liked to have seen the XAU gain more ground in the past 2 sessions but we'll take what we can get. The GG calls are showing a profit. I would not be surprised to see GG move sideways for a while and that would not necessarily be a bad thing. GE lost about 1/2 on light volume. Was lower earlier. Mentally I feel OK, slept OK. Bad news on the inflation data today but we didn't exactly fall apart in the indices. We did break that up trend line though, so we'll see. I doubt gold will continue straight up here, as it did on the decline. Base building is probably in order. I'll have to figure out what to do with the GG calls. At this point I'm leaning towards selling them if a certain profit target is hit and hopefully buying them back again cheaper later on. We'll see.