Something from the past

I am always skeptical of Friday closing prices. Dow rallied 1985 points. Unsurprisingly some people think that the market has recovered and the bear market is over, because they were still in school during the last GFC and weren't trading?

Anyway, here's a blast from the past. In Nov 2007, there was a sharp V-shaped recovery after a 20% fall in the STI. Did it mean that the coast was clear? 

I am ready to continue buying next week if the market goes down. As long as STI remains under 3,000, I can always accumulate smaller amounts while waiting for bigger moves downwards.