This is a copy of my Saturday post some may have missed. Apologies to those who read the weekend thread. Since the 26th October my Advance Decline line has broken through its 30 Day Moving Average on 4 occasions. This indicator is often a good guide that the market wants to go lower. The US market has fought hard to remain above 10,000 but given the long rally since March we could now be looking at a pullback. News in the general market about Greece,Dubai, extent & effectiveness of stimulus package, faith in the US dollar all seem to point to the sharemarkets worldwide having to now deal some of the secondary consequences of the GFC at a different level. If these issues aren't addressed then the V shaped recovery could soon disappear & we then may be looking at a W shaped recovery. All of us need to remain cautious & ensure we have adequate risk measures in place to survive a potential pullback in this market. Regards Buffett
