The stock market continued another wild week with two massive down days after Monday's largest rally ever. Today, the Dow was down 400 points intraday, and although we didn't make a perfect double-bottom on the Dow and S&P that I was referring to in previous posts, the NASDAQ did make a perfect double bottom. When prices hit that low again, the market abruptly turned around and soared higher with huge gains for all of the indices. More importantly, these "hammering" candles put in on the charts today came on massive volume, which finally indicates that buyers are coming into the market. There is still a lot of technical damage on the charts, but now that the double-bottom is in place, we have a line in the sand, and can begin to trade to the long-side in the hopes of a counter-trend multi-week rally. I will be skeptical until we regain important resistance levels, but I did buy double-long ETF positions in the S&P (SSO) and NASDAQ (QLD; about 10% of portfolio each) at around 2:30 today, and for the first time in weeks, held positions into the close and overnight (I've been 100% cash otherwise with only occasional intra-day daytrades).