Is the bottom in?

It seems most of the market participants believe the bottom is in on the equity, with the Dow, S&P and Nasdaq way above the minimum of March after a 7 week (bear) Rally. I am not so convinced and therefore stay almost fully cash waiting for the true bottom to be in. If I am missing the biggest opportunity of a life, then be it. But I strongly doubt.

Have a look at the below charts, courtesy of William Hester of Hussman Funds. No comments needed, they should be quite self-explanatory.

S&P 500 Price Change

S&P 500 Volume and Price Change