I had thought that perhaps we would break through the daily downtrend line on the major indices. Wrong again. The Dow lost 324 points on good volume. Advance/declines were 8 to 1 negative. The summation index will be heading back down after today. Am I sorry that I wasn't filled on the OEX puts yesterday? Of course but there is nothing I can do about it today. Next week should be interesting. We are in dangerous territory technically so stay tuned. Gold held up today gaining $7. The XAU fell 4 points though. ABX and GG were both off 7/8, while NEM fell 5/8. Volume was average. The Gold/XAU ratio is still on a buy signal. My thinking at the moment is to purchase some gold shares calls on the downside follow through on Monday if there is any. Gold is holding up rather well considering the upside in the dollar. The dollar had another strong day today. Gold is not paying attention. I'll consider things more over the weekend. Mentally I'm still quite tired. I need some rest to clear my thoughts. The problems overseas and with the euro are affecting the indices here in the US. That uncertainty isn't going away anytime soon. We are at the 1060 level in the S&P 500 again and that is key. Monday morning will be interesting. I will need to be ready. I'll be checking the charts over the weekend to get prepared. For now it's Friday afternoon and time for a break.