The last 2 weeks appears to be a countertrend rally on light volume. There are no sellers but not to many buyers either. If the S&P does not exceed 863 (the point it was at the night Colin Powell spoke to the UN) and instead retests 840 & 825 then bearish sentiment may increase substantially and cause the gains of the last 2 weeks to evaporate quickly.
Bear markets tend to have downside surprises, for example, todays $500mUSD accounting fraud at Royal Atold, a big retailer. This moved the Dow futures from up 30 points to down 20.
Time will tell.
noip Short (but the market has been trying to shake me out of my positions in the last few days).
