BROAD MARKET SELLS OFF AGAIN

Will the next signal be a buy???







Mortgage lender American Home Mortgage Investment (AHM) fanned the market's credit fears, saying its borrowing pipeline had dried up and that it was considering liquidating assets. The stock, already in a nose dive this year, crashed 90% in gigantic volume. Is there a 10 year pattern that predicts a low for 2007? See this link http://media.wiley.com/product_data/excerpt/1X/04714305/047143051X.pdf

I look for $HUI to test support at 320 if broad market continues to sell off. Today the Gold/XAU Ratio is 4.46. If this ratio reaches "5" I will again look for another gold stock trade--many times spot gold cycles to a low in August--I will be patient in finding this entry.