it seems to me that we are closer in time then in price to the bottom. All the ingridients for the bottoma are there, yet charts are clearly in 3's down and have a good ways in price to go. The tape, looks and feels alot like 98 selloff, where put buying, fear, or pretty much anything went way past extremes anyone thought possible. We are clearly in a bear market with markets below moving avg of importence, and all rallies being sold. I think we need another 10% to wash out the access, but we probably rally first to reduce oversold presure. HOWEVER that being said a reall panic 4-6% one day whoosh would sure make this easier to trade.
