Okay, so, as expected, the S&P filled the "Flash Crash" gap we talked about here a few days ago. Kind of. Now what? This morning we are exeperiencing a relief rally. The Euro is actually green by a few points. Gold is getting pummeled (as it always does after a $150 run). Will it last? I think it's important to see how powerful this rally is after a few days, rather than a few hours. I have covered my shorts for the time being but I expect to reload at a later date, possibly as early as later in the week. And I will be buying gold on its decent toward the 1200 area, where there is a lot of support. I will not really be impressed with a rally in stocks unless they can convincingly break through 1160 level on the S&P. There are too many reasons to sell right now.