The market is slowly moving up. I don't think (subjective opinion) we shall expect more aggressive rally, but the price action still favours the north direction.
Our trend-following strategies should be only long now.
The US interest rates will probably stay low for "quite some time" (here).
Sources:
[http://www.marketwatch.com/story/feds-bullard-says-rates-to-stay-low-for-some-time-2010-01-11]
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