Bouncing back today as the Dow soared 561 points on lighter volume. The advance/declines were around 4 to 1 positive. The summation index is still moving lower but is trying to turn back around. I believe that it will turn back up as the decline has not accelerated going through the zero line so things should hold up for now. The S&P 500 closed back above its 50 day moving average. We are in a positive seasonal time frame and a collapse has probably been averted. Sideways until the new year is my best guess at the moment. Gold was down $5 on the futures. The US dollar was little changed again and interest rates rose. The XAU was up around 1 1/2, while GDX added about 1/4. Volume was light. The gold shares managed to rise again with a drop in gold. That's a plus but the light volume shows a lack of interest. Looks like I might just have to take the loss here before the new year. Mentally I'm feeling OK. The VIX was lower today but remains above the 20 level. Still short term oversold here. Only two trading days left this week with a long holiday weekend approaching. We'll see if volatility continues or we see a holiday slow down. Europe and Asia bounced back overnight as well. We'll see how thngs go tomorrow.