The Fed came through this morning with a big liquidity pump. The liquidity number was at the bottom of the channel and many of us were looking to see whether the Fed would pump or let it fall through the channel. Of course he came to the rescue. But even the big pump didn't do a lot for the market.
OEX next week should be pretty interesting.
A quick eyeball on the INTC options says that the action is going to be centered around $20. The AMD options point to $35. Long INTC would probably be a low risk play until earnings. Probably wouldn't make much on it but some people like that kind of play.