what gold traders are wondering as we get into >>> i'm sharon epperson at the nynex.ing up next from the fed? what gold traders are wondering as we get into next session. we are here after the close, looking at gold prices, $1700 an ounce and saw declines today, gold, precious metals and commodities across-the-board, concern about slow down in china, most of the focus in the gold market is what is going to happen with qe 3. will we see qe 3 and if not, see lower gold prices ahead? keep in mind, the dollar's relative strength, something that is also pressured gold prices as well and we are looking at the biggest weekly decline in terms of net long positions in the gold market we have seen since august, a fact the traders talked about as well n terms of long-term investors, they still love gold, etf holdings at the highest levels last week, so that is something that a lot of traders are point to say there is structural stability here in the gold market. maria, back to you. >> thank you so much. right now the market at the high, 53 points higher on the dow jones industri

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nynex moving up in the after hours session, traders today balancing the concerns about iran and potentialply disruption and also worries about slower demand as china ratcheted down its gdp growth. the end result was a day where we were basically flat on the day when it came to oil prices. not the same story when it came to nat gas, the forecast is calling for more warm weather over the next six to ten days. take a look, nat gas plunging to a new ten-year low with so many supplies. back over to you guys at the nyse. >> thank you, bertha. the question on everybody's lips where are we on the rally? cutting the losses now the dow almost back up to the flat line what does it mean going forward? carter worth is talking numbers, chief market technician at oppenheimer. what do you think of the market? >> in principle, a good rule of thumb is as follows. if after plunging dramatically recovers all of that lost ground, invariably it will stop when it gets right back to the top from which it sold off. it is simply a function of where there's memory. people who are trapped by the selloff, having lost