Good morning. Although I bought a little today and yesterday, I am NOT convinced that the market is ready to go up. I am testing the market with these small purchases, but not very confident. In fact, I’m only buying because of most other people’s assumption that we are close to a bottom.
Today is kind of important as it is testing a low that it made a few days ago, so if it can hold that low … it is a good sign and if it doesn’t hold it … we will probably another few percent to test the low of June. So today is important. BUT … all my analysis shows that we have NOT hit a bottom as of yet and we have to go down more still. How much further is a good question.