The one and only Uncle Mike. Is in the house.

TradingMarkets.com wanted to note all the reactions they usually see at near term lows are being put in place. I did not say bear market bottom... and nothing is 100%. First off they have a great image of the TIME MAGAZINE cover.

When markets are so volatile and can swing hundred points each direction in a given week, then sometimes all the fundamental and technical analysis should be thrown out the window. That being said, it doesn't hurt to see where we could be heading.

Is there a possible short term market bottom forming? Perhaps the McClellan indicator may have some answers.

THIS WEEK’S ISSUE:
• In-Play: The Battle for Wachovia (WB)
• Market Commentary: S&P 500 ($SPX), NASDAQ ($COMP)
• Update: Russell 2000 Small-cap Index ($RUT)
• Update: NYSE/NASDAQ/AMEX New-Highs/New-Lows Index, CBOE Volatility Index (VIX)
• Currencies: U.S. Dollar Index ($USD), Euro Index ($XEU)
• Commodities: Crude Oil ($WTIC), Gold ($GOLD)

Few factors are more critical in determining the potential success of a company than the quality of a firm's management. During economic and financial times like these, a quality management team can make the difference between success and failure. Certainly a company's dividend practice provides insight into management's anticipated view of future business prospects.

The dollar amount of dividend cuts in the third quarter of 2008 total $22.5 billion. These cuts come from 138 of the approximately 7,000 companies that report dividend information to S&P. Two-thirds of the cuts came from the financial sector.