mongombolo's - curious child thursday, page-90

The market wants to move up, that much is evident by the higher lows and lowered volume on the down moves. However the market has been given many false promises over the past few months hence no demand to take it higher until a substainial bail out plan is given. The market is looking to Friday's Sumit for this news.

Now the key is the bailout doesn't have to work (many would say it is impossible), what it needs to do is make the market believe it will work. It needs to give people reason to buy at these levels, an expectation that the market will go higher.
Most people know deep down that any bailout most likely will not work in the long term (or indeed the medium term) however the market at the moment is willing to fake it. The greater fool theory will kick in. That is, people will foolishly buy knowing it will fall eventually however as long as they sell it to a greater fool before then they are happy in profit.

That is the senario I see playing out if the market is given a good reason to pretend it will all be OK. We got part of that back on that +490ish DOW day.