These guys in the Vulture Fund expect that prices will continue to go down in the small caps for the next few days until 2011 tax loss selling is complete, then will turn back up again. They go so far as to suggest it could possibly look like the 2008 tsunami, followed by the March 2009 recovery, beginning in January. They are picking up cheap shares, but reading between the lines it looks like they are waiting until next week when they expect prices to be lower than now. Ike

http://www.gotgoldreport.com/2011/12/why-we-remain-bullish-on-small-mining-shares.html