Europe's gone home so time to rally?

Just like clockwork the market has rallied back (as predicted in the last post, Got to Risk it to Win the Biscuit) to 380-390 down on the Dow. It's thanks to the European markets closing, but lets not forget what sent us down that second leg this morning and that was the Philly manufacturing numbers. After lunch I expect the market to get back to the lows maybe further, at which point I'd probably expect a small bounce tomorrow. I actually think it's more bearish if we close around these levels. I still expect us to test 1100 on the S&P the next week.