"we're still another 20% from the bottom even though this should be it?"
When you say the bottom, do you mean THE bottom, as in the bottom of the bear market? If so, please think again. All the indices can easily be cut in half from current levels by the time this bear gets done ravaging.
All I'm looking for is a good bear market rally. Half of what we had after 911 would make me incredibly happy.
All I'm expecting, (as opposed to hoping for), is a 1-3 day POS distribution-fest.
I don't short, so I won't even try to give you any advice on that issue.