The Dow lost 105 points today but it was off around 275 at one point. Volume was good again. The advance/declines were over 2 to 1 negative. It now seems to me like the market is trying to put in a bottom here. No guarantees but that's what it looks like. The summation index is still heading down though so we'll see. It's been pretty volatile so far even though it's a short week. Gold was up $8 but the XAU dropped 1 1/2. ABX and GG were down on the day, while NEM rose. Volume continues to be good in the gold shares. Oil was flat and the dollar didn't do much either. I'm keeping an eye on the gold shares and believe at this point that my next trade will be there. Mentally I'm doing OK. I'm trying to remain patient with so much time left in the February option cycle. It isn't easy. However with a bad start to the trading year, scaling back isn't such a bad idea. GE earnings tomorrow and that stock has found support in the last couple of days on heavy volume. It should set the tone for tomorrow. On to Friday.