The U dementia that has been underway in massive doses for many months just topped out. Look at PDN, it has gapped down and hit with massive volumes. Almost all of the U's have similar chart patterns. Distribution tops with yesterday's gap down. Just run thru the list and most of them have the tell-tale gap down on volume. The gap is a very potent bear signal. Time to sell em, because all of those hedge funds that were madly buying will now be liquidating.
IMHO u can now go buy the golds. They have been so quite for so long that many of them are very good buying especially with gold on a scream. Their patterns are totally different from from the U's. My favorite is NWR which IMHO is probably the most exciting (basement priced) gold play in Australia to-day.