I think all the whipsaws in US market internals broke my crystal ball, lol. For what it's worth, internals have broken down again - which normally indicates a correction. I'm inclined to believe this one is more important, especially since the whipsaws have been so frequent - a change in market conditions seems likely.

As far as the Canadian resource markets go - Holy Hanna! Total debacle with no end in sight. Downward momo in the gold stocks has lessened, so some sort of bounce is likely soon. But the technical damage is very severe, a major recovery seems unlikely.