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PART 3a
 
SEE COMMENT BELOW
 
The four charts above are giving the
same message as they previous six, the market is in the process
of building the bottom, but we do not believe it is ready yet.
 
Notice how the 10 day Buy/Sell Equilibrium Index came down
to the area where short-sellers begin to cover position, the
SP500 went even further down, however we are still in
short-covering territory (below zero) for NASDAQ, and we barely
broke into real buying for the SP500. These indexes must be
above zero for any rally to have staying power.
PART 3b
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