Obviously we are incredibly oversold, I'd imagine at the worst levels in almost every reading since March 2009 and when this snapback rally happens its going to be immense even if it only takes back 1/3rd to 1/2 of the downward move. But we're still not there in terms of finding that bottom for even a bounce.
EDIT 1:50 PM - 1142 on S&P 500, and we are closing in on two -5% days out of three if things don't change in the last 2 hours of the session.
