BROAD MARKET 90% DOWN DAY WITH PANIC LIQUIDATION.

NASDAQ SIGNALS BEAR MARKET






Remember my Wed Dec 19th post? "I FORECAST A BROAD MARKET SELL OFF..."
Well, look what happened today. I sold my broad stock market positions with a nice $4800 pop from CSUN. So far minimal damage to precious metal securites but I watch carefully since my "whipsaw" experience this past August when PM stocks got stuck in the downdraft of the broad market sell off.

Gold and Oil breakout to new highs--broad market sells off

Just for fun I counted the Stockcharts.com P&F broad market chart patterns today:
11 of 17 were bearish. I also noticed that the NYSE Bull Percent--Bear confirmed on 12/18/07

BE VERY CAREFUL OUT THERE. 6 DISTIBUTION DAYS FOR NASDAQ, 5 FOR S&P 500, NYSE COMPOSITE, DOW IN PAST SEVERAL WEEKS

IF NOVEMBER DOW TRANS & INDUSTRIALS VIOLATED WILL SELL THE FEW BROAD MARKET STOCKS I HOLD :AGU MBT AVXL SIRF WFR MOS

I HAVE THE FOLLOWING GOLD STOCKS ON MY WATCH LIST: TGB GBN BBR HVGO MDW JIN EXN GG CUU

In the oil & gas sector I like KWK.

HAPPY NEW YEAR