Was it Realy a Rally in the Market

In the past two weeks we've seen two major days of gains in the Dow each in the neighborhood of 900 point. It seems logical that someone might come out to buy as prices fall. It also makes sense that as stocks are sold off at loss they have to sold to a party ready and willing to buy them on the way down.
The question remains until the losses stop when will the bottom come and who will be lucky enough to buy in at the absolute bottom. One days gains can quickly disappear as confidence and the will to risk scarce capital diminish. It seems sad to watch a little money put into the market a few weeks ago shrinking; but the losses of the last week don't compare to the losses of the last month. It just leaves investors and would be first time investors with a little cash to start saving with when is the right time to start.