Continuing to the downside although we did close above the lows of the day.  The Dow fell 40 points on average volume.  The advance/declines were negative.  The summation index is heading lower.  The S&P 500 is now below the 50 day moving average.  Another negative session and we'll be short term oversold.  We will have to see how the market finishes the week tomorrow to determine if a SPY April call trade is the right choice.  I do not have a good feel for what is going on at the moment.  GE was off 1/8 on light volume.  Short term oversold here so I didn't sell the GE April calls today, expecting some kind of bounce in the next couple of days.  This trade will probably be a loser though.  It is now a matter of cutting the loss.  Gold was up $7 on the futures in a flight to safety.  The US dollar rallied on that same premise.  Gold was up much higher in the session and closed well off of the highs.  The gold shares lagged as the XAU fell 1 1/8 and GDX shed 1/3.  Volume picked up a bit.  ABX lost a few cents and was off of its highs as well.  I sold the ABX April calls that I had for a 65% gain.  Todays price action was negative and there is a chance that I will buy these back at a lower price in the days ahead.  Maybe.  Mentally I'm feeling OK.  Perhaps the stock indexes can hang in here or perhaps not.  That is the situation that we find ourselves in at this juncture.  If the Dow and S&P 500 can hold these levels, there will be a chance that the SPY April calls will work.  I think I will be waiting until next week to try anything though.  If we drop hard again tomorrow, then this idea is off the table.  The weekly chart for GE looks negative here.  It's possible that I'll just dump that trade tomorrow as well.  They can't all be winners.  Gold had an interesting day as the volume picked up but it couldn't hold onto all the gains.  The fact that the gold shares under performed isn't a positive.  The dollar looks like it's putting in a short term bottom as well.  Maybe I sold The ABX calls too soon but it really doesn't matter now.  The market moves on.  We'll close out the week tomorrow.