We could bounce any time. I don't think we have hit the bottom yet though. That may not happen for quite a few more months. <img src=http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=10&mn=0&dy=0&i=p54578619056&a=128486995&r=8232> The Put to call ratio may need to be higher before we hit bottom: <img src=http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=10&mn=6&dy=0&i=p69625953793&a=134660333&r=4830> The NASDAQ Summation Index may have to fall below -1000 again before we hit the bottom too: <img src=http://stockcharts.com/c-sc/sc?s=$NASI&p=D&yr=10&mn=0&dy=0&i=p47588261088&a=94452359&r=8496>