A huge upside move for the Dow today as it gained 221 points on good volume.  The advance/declines were about 2 to 1 positive.  The Dow outperformed the overall market.  The summation index continues higher.  I cannot explain this huge rebound but you cannot argue with price.  I got stopped out on November OEX puts but not without drama.  The ticket should have been filled earlier in the session but the price action was strange.  I may need to switch to the SPY options because they have much more liquidity.  Anyway the loss was 30% and my entry here was poor.  The overbought condition was not relieved with a decent decline and that wasn't the best trading idea for me.  I prefer the OEX because it moves slower but if the options trade like they did today I may have to seek more liquid options.  GE was basically unchanged but did move around a lot today as volatility returned.  I still like the March call idea here.  Gold continued lower today as the futures fell over $25 with the losses from yesterdays aftermarket thrown in.  The XAU got clobbered and shed almost 5 points.  We are reaching levels not seen since the financial meltdown in 2008.  The dollar was a bit higher today as well.  The earnings came out for ABX and GG but nobody liked them.  ABX and NEM lost 1/2, while GG dropped almost 3.  Volume exploded to the downside.  This should be the final washout, with the volume expanding so much.  I did place an order for the January ABX calls but it wasn't filled.  I will probably try this trade again tomorrow.  This is really an incredible decline for the gold shares.  Perhaps getting long is the wrong idea again but there will not be a lot of money involved.  Mentally I'm feeling OK.  Another losing trade but there wasn't much capital involved and the stop loss came through eventually.  It looks like the V bottom is in place for the major stock indices.  The trend is up and declines, if they occur, can be bought.  Three weeks left in the November option cycle.  The market remains overbought but the rise continues.  End of the month tomorrow.  Gold lower.  Silver lower.  The gold shares decimated.  The old saying says the time to buy is when there's blood in the streets.  It's a tidal wave of blood for gold right now.  I'll probably try the January gold share calls tomorrow.  However this trade will not have a lot of money involved.  We'll see.  We'll see what happens overseas tonight and go from there.