Resources pulling back now. Time to short ? back close to their 200ma

[Electrox]

Usually I would go long in a case like this thinking like the herd

[JohnnyCash]

Anglos 7% down! Who said blue chips werent volatile. That's enough to wipe a few leveraged positions....

[Electrox]

Jep. Either can wipe you out slowly or in one shot! Im sure alot of stops where skipped today.

[#4]

Guys, I'm really no expert on trading, although I guess I've done ok with the strategy of waiting for stocks to fall hard, show value with many panic sellers bailing - worked with MTX, ANG, ADW, AUA, etc. Naturally, the gold and broader commodity shares are now looking interesting, although I'm unsure this time around! With gold showing the sharpest decline since the 50's in the past few days - is it different this time???