Watch This For An Indication It's OK To Buy Again

The Dow Transports Index is often used as a proxy for market strength.

Right now the index structure suggests the worst may not be over just yet.  Watch it closely for a clue as to when it makes sense to wade back into the shark filled market waters.  In my mind the index has to get comfortably (distance and time) above 10,000 before it makes sense to say things may have stabilized.

That could happen tomorrow... But I wouldn't bet on it.