A bounce today as the Dow gained 82 points on good volume.  The advance/declines were positive.  We're coming off of an oversold reading in the McClellan oscillator.  The summation index is still heading lower.  I think tomorrow will go a long way as to what is going on here.  The market should move off of the employment report and that should give us the medium term direction.  I think it could go either way.  But we'll know more tomorrow.  I am not going to attempt any SPY trades here.  GE was up about 1/4 on average volume.  Not completely oversold here so I'll try and remain patient.  Gold was off $8 on the futures as the US dollar was higher today.  The employment report should get these trading vehicles moving as well.  The XAU and GDX had slight fractional gains today on average volume.  I think that patience is a good idea here as well.  Mentally I'm feeling OK.  So we are now basically waiting for the market action to tomorrows data.  The major stock indices appear to be trying to hang on here.  It is possible that the selling has subsided and that a rally will begin here.  The TRAN had a good day today.  But it's also possible that today was simply a day to relieve the selling pressure.  So I think that tomorrow will tell the story.  The gold shares acted better than gold today.  That is bullish.  The gold share indices also held at their 50 day moving averages.  So we'll see.  As always we'll watch the overnight action as we await the all important employment report tomorrow.