Buy the dips and sell the rips will work for another 6 months. Bear Stearns could only bring this market down a few percent and that is already reclaimed on the giant gap up. Tells me we are going to be range bound, where buying breakouts and selling breakdowns will get traders chopped up. The range is now lower, from 1260 to 1340. We're about at the center of the range, anything can happen from here.