You may be correct. Let me see the TSX was down about 300 points at one point and reversed to the upside. We are grossly oversold and due for a bounce!. How much is the question?

Oh, I subscribe to a news letter, VRtrader, who is pretty good timing the markets and as of the end of todays action this is what he had to say:

**** VRTrader.com is now on a TIMER DIGEST 'Buy' signal ****

With those things said, I am looking for a rally here as the recent slide has been absolutely brutal and the market is deeply oversold. Today's switch to a 'Buy' signal is in deference to Yom Kippur and the fact that I called the current downleg.