Cobra, regarding those index calls: what does that say to you? I know nothing about options, so the message is a mystery. :-) If I had to guess, though - could they be hedging their positions, intending to go into the weekend short? ISEE index is for retailers only, so when it's very high like toda...
Edit: Just wanted to add that the market feels weak, even with the new high - volume low? Should have been enough to push us up, and keep on going, without the long consolidation, mid-morning.