Bulls held ground as expected, but there is a long way to go

Yes the market turned around making the bulls stronger. But this is not the only time this has happened during the recent past. Also when the market had come down so much, a small breather is not the best we could expect. As such I earnestly hope that this could last for a few days, and hopefully for weeks. But lets take the days as they come, without being highly ambitious.  For the value investor there are opportunities. I know this because I notice that many careful long term investors have very very slowly started going long today. This crowd would love to see the bears in control, but the short term traders will be the bulls if the trend is going to become a rally for a few days. The question is the magnitude of buying power they would want to put in to the market. Which is a big question. Therefore caution is the best friend for any one who would expect the market to rally. If a rally were to start, then 1st the 6903 points will be the mark to break, as the 10% fall from the 7670 points high is at that. For this to happen the market should go up by 5% or 347 points. Well we have to wait and see for that, after all it took only 7 days to bring the market down by 380 points, and how long do you think will it take to move it up by 340 points. I personally do not want to guess, as my guesses have not realized thus far since.............