So we are in melt down mode as the Dow lost a record 777 points on what must be extremely heavy volume. Advance/declines were 15 to 1 negative. They rejected the bailout plan in Washington today. So it's the panic of 2008. It's not as bad as 1987 when we were down 22% in one day. We would have to drop 2000 points in a day to equal that. Trust me, the world is not coming to an end. Some type of plan will be enacted and the market will rally back. I'm not saying the the overall trend isn't down for a while. It is. For a couple years maybe. But that doesn't mean it's going to be straight down. How can you profit off of what is happening now is the question. Gold was up $5 on the futures and another 20 after the futures closed. The XAU lost 5 1/4 though. ABX continues to amaze with its relative strength, up 1 1/2 on very heavy volume and was higher than that. GG was flat on heavy volume and NEM lost 1 1/2. Volume heavy there as well. I still like the gold shares and have an order in for some GG calls overnight. However as soon as a bailout deal is done, money will leave gold in a hurry. So it's a tricky play. I have an idea of what I want to do so we'll see what happens. GE lost $2 on heavy volume. Not the crazy volume that we saw last week and that may be telling. I'm looking at the calls there, going out to November. There will be some type of snap back rally in GE between now and then. Timing will be key, as usual. But I think there will be money to be made there. Mentally I'm feeling pretty good, slept well enough. These are interesting times, no doubt about that. However the idea is to make money, so that is what must be concentrated on. There is risk galore, don't deny that. As I've said before there is nothing wrong with waiting things out on the sidelines until we get back to normal. Cash is King. This is a tough trading environment to be sure. However there is also opportunity if you can take advantage of it. Tomorrow should be interesting.