I think the most likely thing would be riding the upper bollinger and down to 10 sma area. Chances to get long between 10 sma and 20 sma will likely be taken readily.
That's without any major scares from the news.
Things are looking up, with just enough wall of worry to climb.
Inclined to agree with you. Just checked daily chart on FAS and that index is on its upper bb and looks like has more to go. Cant see a correction starting in ernest with that index looking like that.