Asomani and Adam,
I use Cumulatice TICK as a detector of buy/sell programs. There is no denying that the NYSE TICK points to program buying for the last two days. Now, as I mentioned elsewhere, the baskets of stocks being bought seems to be mostly defensive stocks. This is further confirmed by the lagging RUT TICK, since the RUT is mostly made up of "aggressive, risky" stocks. Hence, it is too early to call a potential bottom based on cumulative TICK alone, because we want to see "aggressive" buying programs, not "defensive" buying programs as first hints of a bottom.
These buy programs may also be used tactically to support prices in a consolidation before a new wave of selling.
Billy