After hours

After the bell, INTC and YHOO both beat the estimates handily. Futures are up as well as I write this. Now the selloff last week seemed a bear trap, everybody is trying to get board; they are afraid the train is going to leave the station. I can smell it from the after hour trading: GOOG up 6%, YHOO up 6%. So was it a bear trap? Tell you the truth: I don't know. I will know it when the averages approach resistance above. That is where the real action is going to be. Nevertheless I am happy that some of investors will get some relieve. Don't forget to take some chips off the table.