I think we only have one or two more down days to go before there is a notable bounce to the upside. The following moving average chart has been very accurate since 2002 at calling market bottoms. Before 2002, there seems to be no data for it on stockcharts.com. I believe there will be a bottom once we are under 20% of the stocks on the NYSE moving above their 50 day moving average. That will be the point to buy and to cover.