Warning...

[Dave]

I'm looking at a great deal of downside risk right at this point.

I don't mean to sound alarmist, but please guys be careful and use stops as this situation COULD become quickly risky and dangerous.

All signs point to a drop. Does that mean it will happen? I have no idea. But I would feel remiss if I didn't mention it.

By next week, everyone can feel free to call me an idiot for saying so. But, I do feel that a mention about the downside risks in this environment is warranted.

Good luck to all in your trading, and I hope my caution ends up being completely irrelevant!

[shadow]

Would you give a little more detail about this downside risk?
Some examples, would be appreciated.

[MontrealStocks]

Wasn't it a few weeks ago that you were still very optomistic? What triggered this exactly, I'm curious.

[Dave]

At the time, I was just concerned that the retest down to the lows might not hold (IIRC that was the same week we had a significant drop three days in a row). I was concerned enough about it that I thought I should share my thoughts.

The retest went fine though, happily.