The Dow lost 9 points today as we continue to remain oversold. Advance/declines were 2 to 1 positive and the volume was good. Hard to figure what is going on here because we should have had a decent upside day by now. My OEX calls are solidly in the red and it looks like this will be a cut the loss trade. The bellwethers on GE, INTC and MSFT all continued lower today on good volume. The OEX will not get any upside traction with action like that. Gold was higher today by $10 and the XAU rose 6 1/2 points. ABX was up 1 3/4, GG up 1 1/4 and NEM up 2 3/4. Volume was average. Money continues to flow into the gold shares. Perhaps I should have been looking here. Overbought now so getting the July calls is risky. But you cannot ignore that there are buyers for gold, even at record levels. I will have to ponder this over the weekend. Mentally I'm feeling good, slept well. So we're oversold and not getting a bounce. What does that mean going forward? That is the question. I do feel that we will get some real upside in the next couple of days. Technically that has to happen. If it doesn't we could be in for some real trouble. We might be in trouble anyway, down the road. End of the month coming up in the middle of next week. The employment report comes out on Friday before a long weekend. So there will be plenty to ponder over the next couple of days. It's time for a break.