Despite today's downdraft, my bottoming indicator (which is based on market internals) has finally turned up (Yesterday's crazy moves did not do the trick). Still, it is only marginal and the way this market behaves, it could turn back down before the close.

Unless proven otherwise, I'm going to assume any rally from here would just be the B wave of an ABC correction. So I still plan to sell into strength on an individual stock basis.

Lots of ifs here, but looking ahead, if we do get the ABC correction, a real solid bottom could come in the late Sept - early Oct timeframe, and that would set up a nice rally in juniors for the end of the year. So for now, I'm going to raise cash so I can reload in a month or 2.