This market will not rally until we get through with preannouncements and hit a new low on the NAZ. I don't know what you're thinking. We couldn't even sustain a small rally today. We will most likely end up in the red. JMHO.
Because the horizon of the market is at least 6 months out and the NASDAQ has already been obliterated there is not much downside left. Preannouncements at this point don't mean as much now because the worst is already over. Hell, Greenspan might cut another 50 points next week. The Oracle news from yesterday was very positive and the big boys know damn well that it was. I believe we had a headfake today so that investors will be unprepared and caught with their pants down. The market moves big when the shorts have to cover and they know it. I believe a big rally toward 2300 is imminent.