After that 500+ points jump, it has been like 2 weeks that DOW can not pass 8000. Up and down around. So for me this is a short term head area. As I said, if banks are ok (from accounting point of view), then we probably won't see the panic selling. But the US economy is really not that good neither. I don't believe it will recover by the end of year at all. So I guess, it will be hanging here between 7500-8000 for a while. Then I still feel it will head south when the unemployment is over 10%, which seems to be very likely in this year.

No more buying at this leve, but I don't do short neither.