Another downer as the Dow fell 47 points on good volume.  The advance/declines were 2 to 1 negative.  The summation index has turned down from a sideways congestion zone.  The breakout in some of the stock indices on Monday has been negated.  We are getting short term oversold in a hurry.  If and when we start to move higher from here, that could be the opportunity to get short.  Or not.  That will be the question in my mind for the March option cycle.  I'm leaning towards getting some OEX puts if we see a weak rally from this down draft.  So we will need to keep an eye on things as usual.  GE was basically flat on the day with good volume.  GE hasn't had the decline that we are seeing in the major averages.  Perhaps that is a sign of good things to come for the overall market.  Or at least that this recent 2 day fall is nothing to worry about.  We'll see.  Gold was flat on the day but did recover the aftermarket losses from yesterday.  The US dollar was higher again.  The gold shares finally got a bid with the XAU gaining 2 1/2.  ABX, GG and NEM moved just slightly fractionally one way or the other on good volume.  I'm considering the ABX April calls as a possible trade.  March is historically a poor month for gold though.  However December is usually a good month for the price of the precious metal and that didn't happen recently.  So we'll see.  Mentally I'm feeling OK.  Volatility has returned to the stock indexes after what seems to be a long absence.  The market had been going up for so long, it seemed like everybody was bullish.  Myself included.  No important up trend lines have been broken on the major averages.  But we do see a break in the trend line for the RUT.  RUT led the way to the upside and now we will see if the reverse is true.  It is something to keep an eye on.  Gold has so far held the important $1550 level for now.  Nobody wants gold at this juncture in time.  Perhaps that is when we should want it.  I certainly don't know, having lost a good amount of money on the long side there in the past few months.  I still think $1550 is the level to watch.  We'll see how we close out the week tomorrow.