thursday night .38, page-8

ummm there has been no bottom resistance tested this year at all - the last time the market found any kind of real solid bottom, was last year during the may correction.

market has a fair way to fall to get back down to that level. but look at the charts .. there's been no test/retest of bottoms since then. the only exception maybe being the fall in feb this yr, the august correction seemed to bounce well off that level, but still, i would not call it a bottom - bottoms need to be bounced off of for a few weeks.