My reading still favors the bulls for an extended time, may be till May 2012.
A close watch at this chart shows that the price is respecting the lower line of the mini-rising-channel (light blue color) and also the green rising-trend line is supplying a support for this upward movement.
Trading setup for 3/5/1012
A break out of the upper violet line will favor a higher high.
A breach of the lower yellow line may trigger a visit of 1362. A rebound from ~1362 is a buy and hold for the next day.
A Monday close below 1362 may need a support of the bullish flag pattern and the green rising-trend-line at about [1359.00 - 1359.50].