 Hey Tigers, I have a question for you, has the market bottom and how can we be sure that the market truly has made a bottom? Well, here is Tim Ord of the Ord Oracle to explain the chart above here that we have displayed is the SPY and what we want to point out is the beginning in August we started to see panic in the ticks and trend panics only form at bottoms and over the last month we had quite a few tick and trend closes in extreme or in panic mode suggesting this whole process is building a bottom in the market how long this process may take we think it's actually probably going to take until September even possibly early October before this bottom this panic situation is complete so market far as downside is concerned is pretty much over but the market is probably going to more or less according to the ticks and trend will more or less move move the market sideways building a base for the next rally into year end.