Sellers showed up on the street today as the Dow fell 88 points on heavy volume. The advance/declines were slightly negative. The summation index is beginning to trend lower. We got a signal last night from the McClellan oscillator for a big move within the next two sessions. We'll see if that happens tomorrow. The overall market was much weaker than the Dow with the NASDAQ leading the way lower. That is not a plus for the bulls however one day does not make a trend. The S&P 500 remains short term overbought. Gold finished up $25 to the $3800 level on the futures. The US dollar was a bit lower as were interest rates. The XAU was fractionally higher and GDX fractionally lower on the gold shares. Volume was slightly above average. GDX is still short term overbought as well. If the 5 wave count on the rally is correct the gold shares should take a pause here or perhaps enter a decline. I am looking at the GDX October puts. Mentally I'm feeling OK. The VIX was up today which fits with a down market. The short term indicators on the VIX are moving higher. The VIX is at its upper Bollinger band. I still don't know what's in store next for this indicator. Europe was higher and Asia mixed again overnight. Asia trading will be impacted tomorrow by a major typhoon bearing down on Hong Kong. We'll keep watch on tonights developments.