Lower again today as the Dow fell 68 points on good volume.  The advance/declines were negative.  Poor action in the tech sector was the reason given for the decline today.  Nothing to worry about is my opinion as we are working off the recent short term overbought condition.  The technical indicators have turned lower but not drastically so.  I'm still looking for new all time highs for the S&P 500 in the August option cycle.  GE was off almost 1/4 on light volume.  Gold fell $10 on the futures as the US dollar was a bit higher.  The XAU and GDX had slight fractional losses on still good volume.  ABX lost over 1/8 but did close off of the lows.  Volume very heavy here too.  Nothing to do but wait to sell my ABX October calls at this point.  Mentally I'm feeling OK.  The summation index has stalled here but should be heading back to the upside shortly.  With the option cycle just rolling over to the next month, premiums are high.  Tack on the extra week in the August cycle and you see that patience is your friend for now.  With all the recent volatility, it would not surprise me to see the doldrums appearing in the coming weeks.  I could be wrong.  Earnings are the driver for now.  Gold has yet to find a bottom and we'll see how low it can go.  ABX almost hit $7 today.  I still think that longer term investors can purchase ABX at these levels.  However this blog is about trading and my ABX call trade looks like it's going to be a loser.  Bad timing and bad tactics equals lost money.  We'll watch the overnight developments and take it from there.