I always find it hard to determine too much during the "lull" period. More telling will be what happens in the last 1-2 hours. I'm actually pretty impressed with the action for a Friday. Trading looks orderly, some profit taking - but no rush for the exits.
Donna the bottom call that you mentioned yesterday to me in a private as I recall was a great call! I was away from the office most of the day and returned to see a happy market condition has blossomed across the spectrum.