The Dow bounced back today as it gained 129 points on good volume. Advance/declines were 3 to 1 positive. So was yesterday it for the decline? The rest of the week should tell. If we don't fall back then I think we will simply continue to grind our way higher. Resistance is at 1200 on the S&P 500. The summation index probably moved back to positive territory today. There's a chance that we are perhaps building a top here as the volatility has picked up. We will have to wait and see what the market says. Gold bounced back as well, up $10. The XAU rose 3 1/3. ABX, GG and NEM all gained around 1/2 on average volume. I'm leaving in the open order for November ABX calls. We'll have to see some weakness to have this order filled. ABX reports its earnings next week as well. The dollar gave back all of yesterdays gains as well. Perhaps the gold shares will consolidate and move sideways here before another leg up. That's a guess as usual. Mentally I'm feeling OK. Not much else to report. Some economic data out tomorrow and that's about it except for earnings the rest of the week. No rush to do anything and there aren't really any solid OEX signals right now. Patience required.