Expiration gyrations as the Dow fell 124 points on expiration heavy volume. The advance/declines were negative. The summation index is moving sideways. The Dow was down over 250 points until the final half hour which saw a brief but fast rally. The short term technical indicators for the S&P 500 are atarting to roll over but haven't broken down just yet. I expect a slow holiday week on tap but I could be wrong. GE was off almost a dime and volume remains light. Gold was off around $5 and the US dollar was slightly higher. The XAU fell 3 1/3, while GDX lost 3/4. Volume was light. GDX has stalled at its 50 day moving average. I'll be looking at the GDX January calls next week. Mentally I'm feeling OK. The VIX was lower today despite the drop in prices. It finished well off of its highs for the session. Not exactly sure what that means. The indicators here look like they want to move back up, which would imply some selling to come. We'll see. Although I'd like to put on a trade here soon, the prudent course of action might be to let next week pass. It is the beginning of the January option cycle and the premiums will be high. It is a holiday week as well and that means less players in the game. I'll go over the charts this weekend and decide what to do hopefully. Perhaps the stimulus package will be done by the open Monday. We'll see if it is a sell the news event. Europe and Asia were generally lower to finish out the week. It's Friday afternoon and time for a break.