A bounce is very near(shorts will be covering for profit taking and that will pull in buyers, this is how shorts stabilize a market--as we know)---the bear trend will be one long process , watching the bouncing ball, but each big bounce will be lower than the proceeding big bounce.
Our reversal in COMPX/NDX is only a longterm TREND reversal,no more,imHo.
I don't expect all hell to break loose until the year 2006.
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