time to be diligent, page-5

re: time to be diligent update yeah, good post. You might also want to look at the us indices, nasdaq broke under any relevant support, spx is right on the bottom of its long term uptrend line at 1240, and actually broke below it before recovering in a very unconvincing way during the session. If anyone watched it last night, it was under and above twenty times in the night (well, maybe I exaggerate just a little) Once that blows... The Nasdaq is probably key, the others can't recover with the nasdaq plummeting (despite a flight to quality, to spx). Flights to quality are only for fundies with a mandate to be always fully invested. Once again there's nowhere to hide except perhaps cash, maybe oil and bullion (both as physical commodities not as mining stocks). We're on the top of next leg down I reckon. Thanks middle eastern religious dingbats. cheers!