Looks like it. But the DOW futures just dropped off another....

Looks like it. But the DOW futures just dropped off another. I've got DOW down 79 on my IGMarkets screen since the morning close.
HS down 500, and Japs dow 240.
We're up 70!

Realistically speaking, our market should be at 5500 not 5800, so I'm guessing that a few bad days in the US, in addition to their AIG problems will bring our market down heavily on monday morning or mid next week.

I would think that shorting at 5800 will likely be seen as the move of the month, as it is likely to drop to 5400 I'd say, before the end of the month. I guess, just as easily, it will test 6000, but it is still being held in by the 200dma...Everything is way overbought right now as well, which is complicating the issue.