start my journal of market view and trading here so that it does not show up in the front page. The market has been trying to rise from its oversold condition and boo any sellers who don't cover as quick as possible. The oversold condition, progressively eased US-Iraq tension, option expiration, and traders short-covering contributed enough catalyst to rally the market in the past two weeks. This kind of sentiment seems continuing for the next couple of weeks. Analysts and traders are touting big sideline money waiting to enter the market. Whether it is true, I don't know. Economic condition seems being improving some from its worst shape. The difference between this rally from the one in last October is that shorters are smarter and covering quicker (or being given enough time). Since the Iraq situation has not be settled one way or another, perhaps we are still going to see increasing intraday volatility but little commitment (especially to the downside). All could change when that legendary big sideline money decide to enter just like it did in the last October, or maybe vanish in the midst.