Let's look at the world market:
Panic selling around the globe. So, the question that comes into our mind now is: Is Friday low represents the bottom?
First thing I want to see is a technical rebound. The chart has gone into overwhelmingly oversold position. Maybe everyone will calm down now. Both US S&P 500 and DJI charts have given a glimmer of hope with a long shadow candle. We may have a bounce next week. How long will it last? Until the next window dressing period (Dec 08)? Monday will give us the first clue on what the market will do.