Its written all over.

Is it bear market correction Terminated Or Correction before Bull bus continues?

Well no one can say for sure...but I think we are at least headed to 1030ish (with minor bounce back before that). Some people are making bold prediction about imminent crash and Yeah in the end one of those who are making bold prediction will be right but trading is not about making bold prediction rather its about making money. Right now every blogger and blog reader knows that the rally that started from March 10, 2009 has been halted. The decision is not out yet whether that rally was bear market correction or bull market rally.

I believe for short term winning bets are on short side, hence shorting the rallies will make sense. But you need to be nimble and trade what you see while keeping big picture in back of your mind.