I just finished reading Brett Stungunner's faulty analysis of the market on traderfeed blogspot. Stungunner feels that we are not at a bottoming after only a few months of a bear market. If you look at the equal weighted etfs from rydex, then you will notice that not one of them even looks remotely close to bottoming. All of the equal weighted etfs tell the same story. The bear started in first/second quarter 2007 and is now on its second leg down after a nice short covering rally that always comes in the 1st quarter of each year. I dunno about Stungunner or Stoney, but we still have a ways to go. I just want to know how much can that Nikkei lose before someone cries uncle.