I do not think we will see the bottom until the US participates but  we might see the European Central bank take a shot at keeping a lid on things.  If their intervention is short lived the market will drop later today but this might be a real effort to control things and it could work for a while and that is why I will take profits and look to re- enter either on a big rally or if the market breaks down. http://www.zerohedge.com/news/ecb-goes-hog-wild-lifts-every-offer-another-failed-attempt-calm-market

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