Subject: Re: Extremely simple bottom detector - Minor Bottom
And another 'Major Bottom' signaled Monday at %Highs - %Lows at -40.69%.
The commentary on that would almost exactly match Jims' latest - wait for an 'up' day on increased volume before buying. It's not uncommon in past bear-like markets for there to be occasional 'up' days before resuming the downward trend. In this instance it's hard to know given the man-made nature of the event (although it has been brewing for a while).