The Market breaks critical support levels. The situation in Europe worsens, gold stocks soar. Be ultra cautious if you are trading and take profits quickly. By Carl Anderson

We’ve had a couple of up days in the market recently. But think about it. Why was the market down for 12 out of 13 days? It was fear over what was happening in Europe. Has anything changed in Europe in the last few days? No. So our bearish trend is likely to continue. I believe that volatility is here to stay for awhile Here is what Art Cashin had to say about what he is calling a “reflex rally”: http://video.cnbc.com/gallery/?video=3000091669&play=1 By Carl Anderson

Bearish reversal chart pattern confirmed. Make sure to follow the current trend in your investments. Confirmed Double Top Pattern By Carl Anderson

By Carl Anderson