We built on a relief rally, ... From an economic standpoint, things picked up after the price rise in oil dropped. It showed the resilience of the economy.

If this storm wasn't out there, the market would probably be behaving much better.

There's not much players around. Buyers are mostly absent while there's a lot of tax-related selling going on.

Cooler heads are prevailing today, but there's just no buyers.

There was a sense that a year-end rally would take us higher, but there's some concern from the bond market flattening. The inverting of the yield curve would bring us more problems in 2006. We also have light volume, exaggerating moves to both sides.

I think it's going to be tough to draw conclusions because of the lack of participation. Next week, you'll start to hear about technical levels of the indices. People will be wondering, Can we break through and really continue this year-end rally?