Originally Posted by
skid
OK....Ill have a go,.. at the need for caution(you can call it a ''doomer'' if you like)..............i think (rightly or wrongly)that it is possible to be to close to the action....when your looking day to day(Ive been there) it is sometimes possible to loose sight of the big picture. Where does that 1% gain fit into the grand scheme....Is that where the market is heading after some gigantic mistake in selling ,due to what alot consider the uncertainty of the general economic situation?(and now they have lost out because in spite of the situation ,its all up from here?) Or is it a minute part of a very volitile situation that could very well continue down hill ,before it gets better........Alot say its going to get worse before it gets better.....I dont think its unreasonable to be cautious. When you buy you are banking on alot of upswing...does the market have that kind of legs atm?.....................alot of traders ,much wiser than me say.....wait for the momentum to start again.