The bearish case (Barrons)

Barrons presents some bearish technical arguments (link).

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Put together the mediocre momentum, falling volume and sentiment that shows the rapid loss of fear and we get a recipe for a selloff.
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There is another article in Barrons about using puts to hedge (link2).

Mix it all in the bowl, and the most likely scenario seems to be sideways with a slight downward bias. Of course as RIMM demonstrated with its recent 20% up day, individuals stocks can have big moves on their earnings.