I figure it like this, I remember around DOW 13k-14k nothing could go wrong, stocks were running up day after day, new record highs week after week, eventually everyone and anyone thought it was going to last and that buying any pullback was guaranteed profits. Well how quick that changed about a year ago this time, the talking heads were saying there was enough cash on the sidelines that any minor dips would be bought even though at the time the economy started to weaken. Fast forward to today, the opposite is now happening, there are no buyers and most talking heads are actually completely negative on the market, the psychology of this market place completely baffles me, it seems when everyone is leaning in one direction the only thing to do is lean the total opposite direction which I think may be the case today. There are so many indicators to show that just maybe a near term bottom is taking place however me being one of the biggest bears on this forum its hard to believe such a statement. Aside from me being so bearish its hard for me to say that a bottom is nearing when in fact a little thought in my head says that maybe we correct another 25-40% from these levels, I do not have the answers, no one does, but I can say that with so much negative sentiment in this market right now I would lean in the direction others are NOT leaning in, and that means to start a little buying down here, I believe this bear market is going to offer extreme rallies to the point where you will think that the recession has passed and the time to buy is now however it wont be so I would be buying these massive dips and selling the up days. Think in the opposite direction the others are thinking in.....buy when they are selling and sell when they are buying.