Well, there's no technical sign of a bottom - yet. The formation just looks like a smaller version of the action a year ago, so if that's the case, some sort of bottom is near. It may only be a temporary bottom - that's why I'm selling a Feb put. If it bounces for 2 weeks, it can fall for another 2 weeks and still be above the strike price by Feb 18.

Most of the time the gold stocks lead. I think the way this is going down will be gold stocks first, then gold, then Venture stocks, then the general market. If that's the case, we're somewhere between gold & Venture right now. Venture is the key to this thing - if the accelerated trend line from Sept. breaks, correction is imminent. Hasn't broken yet, but my gut feeling says it will soon.

When the correction ends, it probably ends the way it started, with gold stocks moving up first (FIFO).