It was a holiday shortened session but that didn't stop the sellers as the Dow fell 178 points on very light volume.  The advance/declines were negative.  The summation index is heading lower.  My SPY December calls are showing big losses.  In a week that is historically positive, the market was very negative.  We're short term oversold and staying that way.  We're also below the zero line on the summation index.  It appears that there is no hope for the bulls.  RUT managed to finish in the plus but unless we hold up right here and right now, the market will be in for even more downside.  GE was off over 1/8 on light volume.  Gold lost a few bucks as the US dollar was a bit higher.  The XAU lost almost two points, while GDX shed 1/2.  Volume was light.  Mentally I'm feeling OK.  A long holiday weekend in the US so you can't put much stock in what happened today.  But like I said, if we don't hang in here on the major averages, the damage will get much worse.  And it does appear that's where we're headed.  I'm simply stuck in another losing trade and that has been the story all year.  I don't think there's anything that will happen over the weekend to change the direction in stocks.  The charts all look very negative.  More of the major indexes are ready to have their 50 day moving averages cross through their 200 day moving averages to the downside.  The carnage should continue.  Europe and Asia were generally higher though.  It's Friday afternoon and time for a break.