No way to tell whether this is a start of the real thing or just one of the short squeezes to come, but the market should be close to a bottom.
My wish list for the early summer:
SPX 900
RSX 20
EWT 9-10
QLD 40
In addition, I'll gamble on nat gas and risky miners (like NILSY and MTL). One potential big bet that I would like to make is gold miners (GDX, AUY, and small junk). Hope to see GDX<25 and GLD<75 in a month or two.