Bottom is at hand?

Bottom is at hand?

 

Several things that make this feel like a bottom: 1) extreme oversold condition in the short term 2) extreme pessimisms among investor. MARK HULBERT of cbs reported long term buy-and-holder finally throw in the towels.  (http://www.marketwatch.com/news/story/Status-market-timing-popularity-indicator/story.aspx?guid={9514E9B5-9949-4D0C-AFA5-AD8A7B40679B}) 3) In the technical front: DOW make a bear market low under 7000, S&P make a fresh bear market low and close in 700. These levels could be the key areas bull are trying to key on to mount an counter attack.

 

The only holdout COMP is still not giving up last Nov low, but it is very close.