Just from a short-term technology point of view, it suggests that the over-sold lows we saw yesterday might be tested again at some point in the future.
We are in a cyclical bear market and investors' reaction to good news is certainly indicative of that.
I don't see the technical action on the TSE being very constructive today. It's a surprise that Nortel hasn't more significantly rebounded.
I think there is a lot of bullish action taking place under the broad market indices that is not related to technology, but in terms of financial services, industrials, chemicals, utilities -- areas that don't significantly play in terms of weight.
I think that's more of a topping action, the probability that looking forward through the year it will be on the down side.