Bouncing back today as we were short term oversold.  The Dow gained 116 points on average volume.  The advance/declines were 2 to 1 positive.  We'll have to see how long the bounce can last.  I would still like to try the OEX March puts if we get a move back towards the 1520 level on the S&P 500.  The summation index continues lower.  Big Ben blabbed today and the stock indices found nothing wrong with what he had to say.  Todays up move was narrow though, with the Dow leading the way.  That usually doesn't imply a sustained move to the upside.  GE was up 1/4 on average volume.  There is still a gap to fill here.  No trades in GE for now.  Gold continues to rally here, up over $25 on the futures.  The US dollar was up a bit again on the day.  The XAU rose 1 2/3.  ABX and NEM up 1/2, GG higher by 7/8.  Volume was good.  The gold shares didn't move as good as a $25 rise in the price of gold.  However I am still looking at getting some April ABX calls and have left in an open order for them.  The ticket will need to see some decline in ABX to get filled.  Mentally I'm feeling OK.  I don't think the decline in the stock indices has run its course.  I would ideally like to see more of a top put in here before the employment report next Friday.  However there may be some selling if a budget deal isn't reached by this Friday in Washington.  I'd expect some kind of last minute "fiscal cliff" kind of agreement but you never know.  Gold has had a pretty good bounce here back over $1600.  I'm looking for a retest of the recent low in the next couple of weeks.  That should be the chance to purchase the April ABX calls if it occurs.  We'll see.  The overseas markets did drop like the US stock indexes yesterday.  We'll keep an eye on things tonight and go from there.