katanga,
Well, either way, tonight will be interesting. I don't view that support line at about 12,950 as terribly strong.
Also, take a look at the volume and price action for the last two "up" days. The first was a 370+ bounce last Tuesday. The most recent was Friday's action. It was around the same volume, but only managed a 67 point rally. Also, it touched, but did not breach the power downtrend. That's not convincing, to me.
Tonight will be very interesting, as the Dow has been having trouble stringing two positive days in a row together recently.
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