The Dow continues to drop as the most watched index fell 269 points on good volume. The advance/declines were again close to 2 to 1 negative. The summation index is moving down. It was a mixed bag as the NASDAQ along with some other indices were positive on the day. The S&P 500 was lower and remains short term overbought. I'm not sure what to make of what's going on as the Dow is short term oversold. The NASDAQ conitnues to move higher with the summation index moving lower. The market price action is not making sense at the moment. I don't have any solid ideas on where we are going from here. Gold was down $13 on the futures. The US dollar was higher and interest rates were lower. The XAU shed 2 1/2, while GDX lost over 1/2. Volume picked up slightly to the downside. We are just about at the neckline and breakout point on GDX. It needs to hold as we have now seen the pullback that we were hoping for. GDX is almost at 33.50 and that is an important level to try and hold. My open order remains out there but I may have to adjust it again. Worst case scenario is that GDX doesn't hold the 33-33.50 area. If that occurs then the inverse head and shoulders pattern would be negated. For now I'm still a believer in the pattern and would like to own the GDX January calls. Mentally I'm feeling OK. The VIX was higher today but did come off of its worst levels. Not getting a good signal here one way or the other right now. I'm a bit confused as to what's going on in the market with the S&P along with the NASDAQ moving higher and most other averages selling off. With the summation index moving down caution is proper theme for now. Plenty of charts to peruse over the weekend with a shortened holiday week going forward. Plenty to ponder. Europe was lower and Asia mixed to close out the week. It's Friday afternoon and time for a break.