Some selling pressure today but we did come up off of the lows.  The Dow fell 112 points on good volume.  The advance/declines were 3 to 1 negative.  The summation index has rolled over and is heading lower.  The bearish candlestick pattern on the daily SPY chart is coming to fruition.  We should at the least see some sideways price action here if not a decline.  The constant short term extremely overbought condition is coming to an end.  There's support at 2500 for the S&P 500 but that is pretty far from here.  But we could easily get there because the run up has been steep.  GE was off 3/8 and the volume remains very heavy.  I'm still looking at the longer term calls here.  The idea is to still wait for the announcement of a dividend cut.  Gold was pretty much flat on the futures as the US dollar was a bit lower.  The XAU and GDX had fractional losses again on better volume.  Mentally I'm feeling OK.  Most major stock indices came up off of their lows today so perhaps the decline may abate for the time being.  That's a guess as usual.  The short term technical indicators have rolled over.  We are still pretty far above the 50 day moving averages for most indexes.  I would think that the decline can at least get that far.  But who knows?  The rally has been much longer than I thought to begin with.  The VIX spiked up today but finished well off the highs.  At any rate we're seeing a change in the bullish tone of the market so we'll have to keep an eye on that.  Asia was mixed and Europe lower last night.  We'll see how markets react to todays US sell off overnight.