daytrade diaries... september 3, page-17

The Dow closed down 29.93 pts to 9280.67 pts, all rather harmless, except the declines at 2052 again outnumbered the advances of 1419. My overall Advance Decline breadth sits at 49,577 against a 32 day moving average of 49,033, so little room for a poor night on Wall Street, before the 32 day moving average is broken (normally not a good sign).
Personally think it is time for a little caution & cash reserves in this market, until a clear trend is re established.
Regards
Buffett