Consolidation today after yesterdays rise.  The Dow fell 40 points on good volume.  The advance/declines were negative.  Nothing stopping higher prices at this point.  Expiration tomorrow and that could skew things one way or the other.  We're still overbought for the stock indices on the short and medium term.  Hasn't meant anything.  No September swoon so far this year.  The summation index continues to the upside.  Of course this won't go on forever.  GE was off 1/4 and volume remains good.  Maybe a pause here now with todays daily candlestick chart bearish dark cloud cover.  We'll see.  Gold was up a bit on the futures today as was the US dollar.  The XAU fell back almost 3 points.  No upside follow through for the gold shares.  ABX dropped 2/3, while GG and NEM lost 1 1/8.  Volume remained pretty good.  I went ahead and bought some October ABX calls on the decline.  I'm not sure this is the proper trade here but after yesterdays rise on very good volume I decided to try the ABX calls again.  The US dollar has also broken some key support so that should be supportive to the price of gold.  However the markets will go where they want.  Mentally I'm feeling OK.  The stock indexes have broken out.  They are overdue for some sort of rest.  They've remained overbought for quite some time.  It's like a broken record but it's true.  As long as the summation index keeps heading higher, it's a green light for stocks.  Eventually it won't end well.  Gold may be at the beginning of another up trend.  We are a long way from $1425 but that is the level we'll need to get through.  I'm trying the October ABX calls again.  Only 4 weeks to go for these options.  I'm a believer in this trade for now.  Would like to see it move back up tomorrow.  We saw the foreign markets rise in sympathy with the US as expected.  We'll keep an eye on the overnight action and close out the week tomorrow.