Is it safe for the bears to come out of hibernation? The last two days were the first in a while where we didn`t have buying of the dips in the last hour of trading to push up the indexes. In fact, we saw stealth sell programs kick in for the last hour of trading over the last two trading days. [as a side note, who decides when the dips are bought; and when they are left alone? There was no fundamental difference between when the dips are bought up...and when they are let to fall news/fundamentally speaking] What does this all mean? Nothing as of yet, but tomorrow is critical. It seems that tomorrow may decide whether the sell-off begins in earnest, or we trade sideways for the remainder of the year with some upward bursts possible. The news doesn`t matter as we have found out over the last few months, what matters, is the market`s reaction to the news. What we need: we need sell-off tomorrow of larger dimensions than the past two days. And follow through selling on Monday of next week--with an overall down week next week. But there are a lot of frothy stocks out there to be shorted for sure. But you noticed a lot of easy money already came out of bidu, rimm, aapl, goog, etc. but there is still a lot of froth out there to capitalize on in a prolonged sell-off.