An explosion to the upside as the Dow gained 332 points on good volume. Advance/declines were 3 to 1 positive. It looks like we are breaking through the daily downtrend line today. That's a positive. The Fed left rates unchanged and the statement was viewed as bullish. No chance to buy the OEX calls now. This summer has been more volatile than any I can remember in recent history. No doldrums this year. Gold continues to get pummeled, down another twenty bucks or so today. Money is moving out of commodities and into equities. ABX, GG and NEM all lost at least 2/12 with ABX down 3. The XAU dropped 7 3/4. Volume was very heavy. No support levels are holding. It is an incredible ride down. The dollar is continuing higher for now and I think that is the main catalyst for the downside move in commodities. GE had a good day, up a buck on average volume. I'm not looking at doing anything there. Mentally I'm doing OK, slept alright. No trades in the immediate future as it stands now. I'm in standby mode, waiting for a decent signal. I'm not going to press things here after the recent debacle. So it's time to be patient with a wait and see attitude.