The bounce continues as the Dow gained 178 points on good volume. Advance/declines were about 4 to 1 positive. Is it more than just a bounce? That is the question. Todays action could turn the summation index back up. However we are approaching short term overbought here. I would like to see some pull back near term in order to establish some calls if that is the course of action that I choose. Haven't decided yet. GE was up 1/2 on average volume. No trades there for now. Gold gained $10 as the political unrest in Libya heated up over the weekend. The XAU rose 4 1/3. ABX and GG up 7/8, while NEM gained 3/4. Volume was light. The gold shares a moving off of an oversold condition. If we get some weakness here near term I will consider purchasing some April gold share calls. That is the game plan as of today. The dollar was weaker once again today and the trend there is decidedly down even though we are oversold. That should, in theory, help support the price of gold here. Mentally I'm feeling OK. The market has had quite a snap back rally from its oversold condition during the middle of last week. I would not expect to just go straight up from here but you never know. Volatility has slacked off for now. On to Tuesday.