DOW Jones rallied 4% (400+ pts) on 11 May 2010 following the one trillion euros bail out plan announced by the ECB (Euro Central Bank).

However, the very next day the market dipped 2-3% (eg. HSI, STI) on concerns that the rescue package may not be enough.

Looks like we have to wait a little longer for the dust to settle before entering the market.

Volitility Index (VIX)

The VIX is inversely proportional to the DJIA, S&P500 and NASDAQ.

http://data.cnbc.com/quotes/VIX/tab/2