Once again a mixed picture as the Dow fell 70 points on better volume.  The advance/declines were negative but not as much as a down 70 market would indicate.  The NASDAQ only dropped 2 points.  Tomorrow should be interesting as we get GDP and the Fed.  The summation index is still moving lower and until that turns around we won't see any sustained rallies.  The Dow closed on its low for the day and that isn't bullish.  The TRAN has been in decline the past five days as well.  Perhaps this is the start of a long awaited correction for the stock market.  GE was off another 1/8 and has been in decline for a couple of weeks.  Oversold here and below the 200 day moving average.  Those are not bullish signs.  Gold was off five bucks on the futures as the US dollar continues higher.  If the dollar can break through the 81.50 level, there would be no more upside resistance.  That would not be supportive for the price of gold.  It also would not be good news for stocks in general.  The XAU was off 1/3.  ABX, GG and NEM all had fractional losses on light volume.  I canceled the open order for the October ABX calls.  NEM reports after the bell and that should influence what happens tomorrow morning for the major gold shares.  Toss in the GDP report and the Fed rate announcement and you've got the recipe for an interesting trading session.  Then we get the earnings for ABX and GG on Thursday.  So depending on what happens in the morning tomorrow, that will determine if I get the gold share calls before the earnings announcement.  Mentally I'm feeling OK.  The Bollinger bands on the major stock indices are contracting.  This action implies a big move is coming up soon.  It doesn't predict the direction of the move though.  We should know soon enough.  Volatility has picked up.  It is probably prudent to be cautious at the moment.  I still think things could go either way.  Despite the recent rise in the US dollar, gold has still held above its 50 day moving average and the $1290 level on a closing basis.  If we violate this area, it could spell trouble for the bulls.  The technicals here are short term oversold.  The gold share technicals are still mid-range.  If we get a strong GDP number and some hawkish tone out of the Fed, it will not be a good day for gold.  But we will have to wait and see what the numbers are.  I'm still a believer in the October gold share calls.  Timing of the purchase is the question that needs a correct answer.  We'll keep an eye on the overnight action.  Tomorrow will be interesting and that much I'm sure of.