Can the bears recover?

Not according to CNBC-- bears are dead in the water.
If only the signals were that clear at the bottom.

It takes at least 5 days for a market to top out, which may or may not have already happened.

At the LOWS such as Aug 15,16, it only takes a few hours to bottom out, especially in a strong bull market.

In 1982, it took many years thru all of the 70's to reach a bottom. but were in a totally different kind of environment.

Many of the participants on other web sites seem to be comisserting theri losse also.

Unwarranted rate cuts to bail out the foolish- hey, then why not give us back our foolish losses??

October has the possibility of making a 5 wave decline, but will it be HUGE or meager??

Huge would be to the liking for some people I converse with, but it doesnt lookthat way.
Unless there is a coup in IRan while @#$&*^% is here, or something else occurs, then I cant see anything but a possible easy 5 wave correction to the 25th.

Heres the break down
October 1st, a low
Oct 8th, a high
Oct12, a low
Oct 19th, a high
Oct 25th a low
FROM There, its buy buy buy all the way to late November, and maybe further.

Remember, I did state my expectations for Dow 18,000 by 2010.
Dow 18k would put gold at or near $1000

Can October be severe? Sure
Some Elliott wave people are viewing the Aug 16 to Spt 21 run as a "B" wave, thus openning the door to a "C" wave. If its a running correction in a strong bull market, then the ending will not be any lower than 12,800.

If a normal Nasty "C" wave, it should coincide with some dramatic event, and since Money problems seem to be under control, HMMM, then it would come from some world event. Whats that you ask? The DOLLAH is getting murdered!! NO one seems to care ---- just YET> ???
How low can the dollar go until it effects stock pricies?? Damned if I know

More later
Jay