Right now we're in the middle of the range, pricing in some positive news, and the market will be susceptible to negative news. We're in a situation where, within a downward move, you're going to have short, sharp rallies.
Stocks don't go straight down and stocks don't go straight up. The market's in trouble ? technically, it's in trouble and fundamentally it's in trouble. We're going to bounce around with a downward bias.