A nice bounce today as the Dow gained 154 points on average volume.  The advance/declines were positive.  However the breadth was not what you would expect with a market up so much.  That is the problem that I'm having with any recent rally.  I still think it is setting up for some decent downside in the October option cycle.  Now I could be wrong and we simply move higher from here and on to new highs in the major stock indices.  The summation index is still moving down.  My October OEX puts are still profitable but another day like today and they won't be.  It will be important to see how this week closes.  GE was off about a dime after being much lower.  Volume picked up.  No trades here for now.  Gold was off a few bucks as the US dollar hit the 85 level.  The XAU shed 7/8.  ABX, GG and NEM all had fractional losses on average volume.  The January ABX calls that I own are in the red.  The story remains the same in the precious metals complex.  Mentally I'm feeling OK.  The move higher today was more than I expected.  The major stock averages now have a bullish candlestick formation on the daily charts.  We'll see if there is any follow through tomorrow.  Some economic data due tomorrow.  Silver is very oversold and trying to hold up so far this week.  Some kind of bounce here is way overdue.  Perhaps if that occurs, the precious metal shares will find a bid.  Things here cannot stay oversold forever.  Tonight we'll see if the foreign markets rally back up following the Dow today.