I think we are back at the depression stage again...another big...

I think we are back at the depression stage again...another big leg down to bring panic and we capitulate and we should be at the bottom.

Too many people are waiting for a bounce, our market was only down 1%+ on friday as we were expecting thw dow to bounce.

30 points is not a bounce especially considering the market was down well over 100 with half an hour before it closed.

We need a big co to roll over here that was unexpected or something like RIO getting into big strife etc before we get to the bottom in my books.

My guess is we still have 400 points left on the downside in this move and my money is on that for now.

Will change my mind if the trend starts to change but currently short medium and long term trends are down and its foolish to bet against all three.

Good luck