I wasn't a prophet of doom, but I do know about risk.
And when the index is testing the 200dsma, you have to be bloody careful in an environment where it may not hold.
I think you've misunderstood what a lot of people are saying - yes there are a few on here that just throw a number in the air and say that's what will happen, but it doesn't really matter how much things rise or fall. Its about management of funds.
This was pointed out by Voltaire about the recent charts - we haven't had a string of 2 up days where we didn't have a lower low since the start of the correction late july.
That definitely doesn't inspire a lot of bullishness, esp when respected names are saying that the credit market is as bad as it was in 22 years.
Lots of conflicting minds - therefore, why risk a potential landslide?
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