Panic buying coming?

(surprise, surprise) that the NYSE has reached bottom or is close to reaching one.
First, the economic figures from countries across the globe are generally still reassuring in spite of the panic on Wall Street and despite the weakening US economy.
The economic conditions outside the US are still pretty healthy, even in Europe where the euro has strengthened against almost all currencies.
The current fall is a long overdue correction, with the latest round of financial panic probably triggered, ironically, by the rescue of Bear Stearns. Instead of sending out messages of comfort, the rescue was perversely seen by investors that the condition of the US financial institutions is worse than what is being imagined.
The financial history of the US shows that the current financial upheaval is not the first financial panic experienced in the US. In 1907, there was severe financial panic where the NYSE plunged 50% in about a year. Within nine months, there were three episodes of panic.
Tracking the Dow on Wednesday,(mid-pivot week)16/04/08
9:30am-Hefty gap-up.Intel,the most influential stock,reported adjusted earnings of $0.29 per share, besting the consensus estimate by four cents.
10:30am-No sign of pullback to fill the gaps.The opening bell long candlestick not an inch being covered.Avoid shorting.
11:30am-The continuous army of pattern formation are steady with no spike down.Take position at this point,scalping.
12:30pm onwards the indicies never look back.It continues on its upward trail.At the end of the day,the army were nearly half dead--noticed the 'hangman dojis' They were in need of a break.

The submarine has alighted from beneath the ocean floor and the captain is peeping through his periscope to catch the first light.
They still need to break the bull pivot in order to berth on the surface and enjoy the sparkling bars ashore.
The dow index is undergoing a process of forming the inverted head.
It's good time for accumulation of equities.