After looking into the abyss for an hour, the buyers showed up and closed us in the green. There is a huge performance gap in the NASDAQ today; perhaps it’s related to large fund liquidation? Did window dressing play a part in the late day bounce? Usually this sort of mixed-up action is not a healthy sign, as market players are confused. However, we are down 5 straight month assuming we don’t gain 70 S&P points tomorrow. Sentiment is getting very bearish; will October snap the losing streak? In 2008, we got a bounce on the 6th month even though it was not the bottom. For tomorrow morning, a wild guess would be a small gap down in the morning that gets filled.
