Volatility returns as the Dow was down over 100, up over 150 and ended the day 90 points on the upside. The Fed announcement caused some crazy moves. I did buy some OEX puts as we hit the upside resistance. They are slightly profitable but the way the market is acting here to the upside is a cause for concern to me. We are overbought both short and medium term though. Advance/declines today were 3 to 1 positive and the volume was good. So with just 2 days to go the risk is pretty high. Gold went crazy today. After being down $25, once the Fed announcement came out, we were up $25. The XAU reversed and was up 10 1/2 points. ABX and GG were up 3 and NEM up 3 1/2 all after being down early. Volume was extremely heavy. It is a solid reversal for certain. I did have a chance to get some calls right after the announcement but didn't. I just wasn't fast enough and was concentrating on the OEX. Perhaps I should have been looking at gold instead but who would have known what was about to happen? Mentally I'm doing OK, a bit tired from not enough sleep. So I really should be out of this OEX trade on any weakness tomorrow. That is the plan. I suppose we could just continue higher but the market is really due for a rest. Throw in expiration week and there should be a bit more volatility in the next couple of days. But who knows? The markets go where they want.