Originally Posted by
KW
You are uneasy, I am uneasy ...
Its because when the charts start warning of a downturn, it is at least expected, and things "correct" in a nice orderly manner (ie. Jul-Aug 07). Followers of TA know when to buy and sell, and FA investors happily cash up and wait on the sidelines until the see value re-emerge.
When the charts dont show any trend, and the indexes start bouncing all over the place with no clear direction, then we know that any downturn will probably happen as a "crash" and take us all by surprise with no time to get out :-(