A mixed bag today as the Dow fell 17 points on light volume.  The advance/declines were positive.  The NASDAQ was up on the session and that is a positive.  The short term overbought condition remains.  That doesn't mean that we can't go higher, considering that it's expiration week.  But we will probably need to see some type of pullback/consolidation before we can go significantly higher.  The Fed minutes were dovish and that provided some support.  Just waiting to get some SPY March calls.  GE was up a few cents and the volume backed off from yesterday.  Approaching the 200 day moving average here.  If we can get through, perhaps my GE March calls can turn a profit.  hasn't happened yet.  Gold was down $8 on the futures but made all that back and then some in the aftermarket.  The dovish Fed statement will be considered the reason.  The US dollar was flat on the session.  The gold shares perked up as the XAU gained 1 2/3 and GDX rose 1/2.  Volume picked up as well.  I still am in the camp of waiting for March when it comes to getting long the gold shares.  Earnings are due here in the next few weeks.  Mentally I'm feeling OK.  Only two days left for the February options.  The risk is too extreme for me to try a trade here with so little time.  I suppose the ideal scenario would be for the stock indices to drop back to their 50 day moving averages and then purchase some March calls.  But the markets will go where they want.  I'll try and remain patient for the next set up.  In the meantime perhaps GE can provide me with some needed profit.  We'll see.  We'll keep an eye on the overnight action and see what tomorrow brings.