The third part a series studying the relationship between the key moving averages and the S&P; it's October 1974 all over....

I believe we have hit an intermediate bottom and stocks will rally from here (for a while). Read the following post to learn about why I think this is the case and how you might want to play this bounce.

“The bear market’s over!”
“We’ve just seen the bottom.”
“The VIX has retreated; therefore, we’ve hit the bottom.”

This is what I’ve seen or heard since Thursday. So have we seen the bottom, waved, and moved on on merry way?

After the huge ups and downs in today’s market Cramer went on the record and told viewers that he believes the market has bottomed. He went on to say that in such an environment he expects there to be a huge sell off in the upcoming trading days…