The market got pummeled today as the Dow fell 1063 points on heavy volume. The advance/declines were 7 to 1 negative. The summation index has turned back down. The selling was relentless but the market did finish off of the lows. The NASDAQ led the way lower and dropped 5%. Not sure what to make of what's going on here. The short term indicators for the S&P 500 have turned back down. I don't know what to expect tomorrow. We haven't taken out the lows of Monday yet but a repeat of today would do it. A very volatile and unstable atmosphere at the moment. Gold was actually up ten bucks on the futures. The US dollar was back up and interest rates were higher as well. The gold shares followed the market lower as the XAU lost 5 1/2 while GDX shed 1 1/8. Volume was good on the way down. I did place an order for some GDX May calls again but it wasn't filled and I canceled it. I might try this again tomorrow if we see follow through selling in the markets. However there is also the option of simply heading to the sidelines as the volatility has really ramped up. Mentally I'm feeling OK. The VIX has bounced off of its 50 day moving average and was up 6 points and now is back over the 30 level. The short term indicators are pointing back up as the volatility takes over again. Up 900 one day, down a thousand the next is a tough market to make out. However we are below the zero line in the summation index and that remains a pretty big negative. We've got the jobs report tomorrow and it's anybodies guess what the market will do after that. I'll go over the charts tonight and decide if I want to make a trade tomorrow and hold it over the weekend. Europe was lower last night with Asia mixed and still with some markets closed there. We'll close out a crazy week tomorrow.