Concerns over a possible straining in already tense relations across the Taiwan Strait remained a drag on the market.

In our house, there were far more sell than buy orders. There was a conspicuous increase in short [sell] contracts, reflecting a desire to hedge against the prospect of a further decline ... in the near-term.

A technical rebound after a steep decline for three straight sessions was far from a big surprise.

And fools, who came to scoff, remained to pray.

We don't have a real deadline (for possible NATO bombing) but things are going to get very tense in the next few days.

The market would probably be weaker without these concerns.