Is it time to buy?

Previously, I put a note predicting a "not good year" for 2009. And I still believe that will be the case.

With the market down in the past four or five sessions, it only confirms that a big down turn is coming, sadly.

Past two weeks, markets are fighting on the positions for bear and bull, it has up and down around 50D MACD, although it is still above 50D MA, the market is getting to a critical point, that it will still down, and enter into a bear pattern. Next 2 or 3 days will be critical whether that develops.

Feb may have a up trend, before the bear resumes for the year.

For this week, need to consider that Friday is option expiration date, and that can be a tricky play.