Still heading lower as the Dow fell 68 points on average volume.  The advance/declines were 2 to 1 negative.  Overdue now for a bounce on the stock indices.  Perhaps the employment report will bring back the buyers.  Short term oversold on the stock market right now.  The data appeared stronger than expected.  Perhaps the market is pricing in the end of the easy money game.  The decline hasn't really been volatile to this point.  The summation index is heading lower and does imply lower values moving forward.  So even if we do see some upside tomorrow it may not be the beginning of another leg up.  We'll see.  GE was off about 20 cents and the volume was light.  I'm still going to be patient with regards to the January calls here.  Oversold on the short term here as well.  Gold dropped back $15 and a bit more in the aftermarket.  Negative price action despite a drop in the US dollar.  The XAU gave back the 2 points it gained yesterday.  ABX fell 1/4, while GG and NEM both lost 2/3.  Volume was light to average.  I canceled the open order for the January GG calls.  I'll watch tomorrows open and decide whether to put on the trade again.  Oversold and staying there for the gold shares and that could be dangerous despite the fact that they've been decimated already this year.  Mentally I'm feeling OK.  I've called for a bounce since Tuesday and it hasn't happened.  Perhaps there is something happening under the surface but the decline so far has been muted.  We should get decent market movement tomorrow, one way or the other.  I'll take my cues from the summation index for now.  So a defensive posture is warranted for the near term.  Gold has moved both up and down this week instead of just down.  It will be interesting to see what transpires with gold tomorrow.  I might try the GG calls but I may just do nothing at all.  There really is no interest in owning gold in this environment.  We'll see what tomorrow brings.